Environmental Econ: Crash Course Economics

What is the primary focus of environmental economics as discussed in the video?

• Maximizing industrial output

• Balancing economic growth with resource conservation

• Increasing consumer spending

• Reducing government intervention

Which of the following is identified as a major source of air pollution?

• Electric vehicles

• Solar panels

• Factories burning fossil fuels

• Wind turbines

What is the 'tragedy of the commons' in the context of environmental regulations?

• A situation where everyone benefits equally

• A scenario where no one is responsible for shared resources

• An economic model that promotes growth

• A government policy to reduce taxes

How can governments encourage people to pollute less?

• By reducing taxes on fossil fuels

• By increasing subsidies for coal industries

• By providing price incentives for eco-friendly choices

• By banning all forms of transportation

What is the purpose of cap & trade systems?

• To set a limit on pollution and allow trading of permits

• To increase fossil fuel consumption

• To eliminate all emissions immediately

• To provide unlimited pollution rights to industries

What is the rebound effect in the context of energy efficiency?

• An increase in energy costs due to efficiency

• A decrease in the number of vehicles on the road

• A reduction in energy consumption leading to higher prices

• A situation where efficiency gains lead to increased consumption

What role do consumers play in addressing environmental issues?

• They have no role in environmental conservation

• They should rely solely on government actions

• They need to adopt more thoughtful consumption habits

• They should focus on increasing their carbon footprint