Ch. 3. Risk

What does the price of a product or service reflect?

•   the fair market value

•   that if a person does not want the product, then the price is too high

•   the demand for and availability of the product

•   the highest amount the seller can get for the product

Tags

NGSS.HS-ETS1-3

Which of the following is a disadvantage of a subsidy?

•   It places a value on everything, including aesthetics.

•   It increases the demand for a product.

•   It discourages technological innovation for environmental protection.

•   It keeps the price of the product or service being subsidized below the true market price.

The basic premise behind the "The tragedy of the commons" is

•   a resource becomes overexploited when its ownership is shared.

•   pollution prevention is costs less than pollution clean-up.

•   when assessing risk, people frequently overestimate unfamiliar risks.

•   All answer choices are correct.

Tags

NGSS.HS-ESS3-1

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NGSS.HS-LS2-7

Classically there are three kinds of resources, which are

•   land, water, and air.

•   oil, labor, and capital.

•   land, labor, and water.

•   labor, capital, and land.

Many of the negative effects companies have on the environment could be offset by _________ government regulation, but such regulation could also __________ impact industry and the economy.

•   increased,positively

•   decreased, negatively

•   increased,neutrally

•   increased,negatively

•   decreased, positively

Tags

NGSS.HS-ETS1-3

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NGSS.HS-ETS1-1

Risk assessment consists of two primary considerations

•   time and costs.

•   issues involved and time.

•   risk and cost.

•   risk and time.

Tags

NGSS.HS-ETS1-3

Which one of the following is NOT a significant environmental cause of death worldwide?

•   water pollution

•   air pollution

•   traffic accidents

•   genetically modified organisms

• global warming

The primary source of mercury in the air is from emissions from coal-fired electric power plants. An EPA regulation that required a reduction of this pollution has resulted in which one of the following?

•   The supreme court ruled that the EPA rule was invalid.

•   The supreme court ruled that the EPA had to consider the cost to power companies of complying with the ruling.

•   There has been an increase in the number of coal-fired power plants being built.

•   Mercury pollution has increased.

Tags

NGSS.HS-ETS1-3

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The use of facts and assumptions to estimate the probability of harm to human health or the environment is called

•   negligible risk.

•   risk management.

•   sustainable development.

•   risk assessment.

When everybody shares ownership of a resource, there is a strong tendency to

•   protect the resource.

•   misuse the resource.

•   share the resource.

•   transfer the resource.