Earth Science Chpt 2.1

What is the study of how resources are used and distributed called?

• Biology

• Chemistry

• Economics

• Physics

What do markets tend to move toward where demand for a product matches supply?

• Disequilibrium

• Equilibrium

• Surplus

• Shortage

What does the equilibrium point on a supply and demand curve indicate?

• Surplus

• Shortage

• Supply and demand are equal

• Price is zero

What can negatively affect the environment according to the text?

• Economic activity

• Government policies

• International trade

• Technological advancements

Which of the following is a harmful economic assumption that affects the environment?

• Costs and benefits only affect buyers and sellers.

• Costs and benefits affect the entire ecosystem.

• Costs and benefits are irrelevant.

• Costs and benefits are always positive.

Which of the following is NOT a harmful economic assumption mentioned in the document?

• Resources are unlimited.

• Economic growth is continual.

• Environmental resources are finite.

• Short-term costs and benefits should be emphasized.

What is an example of a corporate response to the call for sustainable goods and services?

• Outsourcing

• Ecolabeling

• Downsizing

• Mergers and acquisitions

Which lesson does the provided content belong to?

• Lesson 1.1

• Lesson 2.1

• Lesson 3.1

• Lesson 4.1

What can changing consumer values influence in corporations?

• Their marketing strategies

• Their pursuit of sustainability

• Their financial statements

• Their employee benefits

Which of the following is NOT mentioned as a factor driving corporations to pursue sustainability?

• Changing consumer values

• Government regulations

• Ecolabeling

• Market competition