Economics and Environmental Policy

A cost-benefit analysis is a(n)

• study of the factors that influence decisions of buyers and sellers.

• economy in which the government decides what is made.

• equilibrium between a product's supply and its demand.

• comparison between what is sacrificed and gained by a specific action.

Tags

NGSS.HS-ETS1-3

NGSS.HS-ESS3-2

Which statement about the relationship between economics and the environment is true?

• Internal and external environmental costs are usually considered equally.

• Long-term effects often receive more weight than short-term effects.

• Harm to the environment can harm economies.

• The relationship usually receives serious consideration.

Most major laws in modern U.S. environmental policy were enacted in the

• 1960s and 1970s.

• 1980s and 1990s.

• years between 2000–2005.

• years between 2005–2010.

Headquartered in New York City, the 190 member nations of the following organization work together to promote peace and to help solve economic, social, cultural, and humanitarian problems.

• World Trade Organization

• European Union

• United Nations

• World Health Organization

Tags

NGSS.HS-ETS1-1

A law that prohibits dumping wastes into the ocean and punishes people who dump wastes demonstrates which approach to environmental policy?

• green tax

• command-and-control

• cap-and-trade

• Subsidy

Tags

NGSS.HS-ETS1-3

A power company is given free land by the government to reduce the cost of providing wind-generated electricity to rural residents. This is an example of a ___________.

• command-and-control approach.

• cap-and-trade system.

• subsidy.

• green tax.

Tags

NGSS.HS-ETS1-3

The first step of the environmental policy process is to ___________

• guide the solution to law.

• identify the problem.

• get organized.

• • gain access to policymakers.

Decision makers commonly use a method called supply and demand in which they compare what they will sacrifice and gain by a specific action.

• True

• False

Tags

NGSS.HS-ETS1-3

NGSS.HS-ESS3-2

All economies depend on the environment.

• True

• False

Tags

NGSS.HS-ESS3-1

In the United States, the strength of environmental policy is constant from state to state.

• True

• False