Environmental Economics Quiz

Jaden and Conner started a lemonade stand. They are trying to understand how their lemons and sugar become lemonade that is sold and consumed by their customers. What is this study called?

• Supply

• Policy

• Economics

• Demand

Conner and Patrick run a factory that produces plastic goods. The government imposes a certain tax on their factory because it harms the environment. What is this tax called?

• Green tax

• Non-market value

• Market failure

• Cost-benefit analysis

Val and Jonathan are planning to start a small business. They heard that the government sometimes gives away cash or public resources to encourage an activity or lower a product's price. What is this called?

• Supply

• Policy

• Subsidy

• Demand

Val runs a bakery and she wants to sell her freshly baked bread. What is the amount of bread she offers for sale at a given price?

• Lobbying

• Non-market value

• Supply

• Cost-benefit analysis

During a school project, Patrick and Jaden are trying to understand the concept of influencing an elected official to support a specific interest. What is this effort called?

• Green tax

• Non-market value

• Lobbying

• Market failure

Jonathan went to a local store to buy a new bicycle. Which of the following is a value that is not usually included in the price of the bicycle?

• Store's policy

• Non-market value

• Economic factors

• Demand for bicycles

In a school project, Val and Baffour are tasked with creating a formal set of plans for addressing problems and guiding decision making. What is this called?

• Supply

• Policy

• Economics

• Demand

Logan wants to buy a new smartphone. What is the amount of smartphones people like Logan will buy at a given price if free to do so?

• Lobbying

• Non-market value

• Supply

• Demand

Logan and Jaden are discussing the consequences of a factory polluting a nearby river. They are trying to understand the situation when a market does not reflect the full costs and benefits of actions. What is this called?

• Green tax

• Non-market value

• Market failure

• Cost-benefit analysis

Jonathan is considering whether to buy a new car or a used one. He is comparing the disadvantages and advantages of each option. What is Jonathan doing?

• Checking the supply

• Setting a policy

• Performing a cost-benefit analysis

• Assessing the demand