SOC 002 EC DG

Economics is not solely based on the balance of scarce resources, and producing/consuming, but also:

• Balancing social expectations for a sustainable society

• Conservation

• Similar to environments economics

• The distribution of political influence

For as long as humans have been around, our byproduct of waste has always been existent, and is NOT manageable.

• True

• False

What do the major sources of air pollution have in common?

• They are primarily artificially made, as C02 is a byproduct

• It is the least popular among consumers

• They are related to the means of production and power

• They are the only modern source of pollution

Why is it so difficult for countries to follow and enforce more environmentally friendly solutions?

• Many countries would not receive government subsidiaries or incentives.

• The environmental effect is too insignificant for smaller countries.

• The development of alternative fuels could not compete with existing ones.

• There is lack of enforcement.

How has government interventions incentivized the publics pollution decisions?

• They now consider the effects of a market failure in their expensive purchases.

• They add a Tax on existing emissions products, such as gasoline.

• They offer subsidies for specialized purchases, such as an electric vehicle.

• They take into account the government rules for how much markets can pollute.

Would Hanks purchase of a more fuel efficient vehicle, affect his conspicuous consumption?

• No, as it actually enhances it, as he feels better about his purchase and its effect on the environment.

• Yes, as to some it may devalue the perception of his status symbol.

The rebound effect as shown affects consumer behavior, which of these is an example of the rebound effect?

• Margaret purchases twice the amount of bread she normally does.

• Tyler leaves the lights on in his house more often than he used to.

• John Buys a new electric vehicle because of the government subsidaries.

• Marie takes more hours at her job since she can now afford more.

Why are some of our every day efforts not enough to make a change?

• Many countries do not recognize there is a problem, and as a result, have not had plans instituted.

• International communities have no success in preventing increases in greenhouse gasses.

• Consumers habits have an affect on pollution, and have to consciously made decisions in regards to the environment.

• International communities have had limited success in preventing climate change.

Would you consider yourself a conscious individual when it comes to the environment? Give an example as to how you have made environmentally conscious decisions.