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Economics and Environmental Policy

Total questions: 21

Worksheet time: 11mins

Name
Class
Date
1.

A cost-benefit analysis is a(n)

a)

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

b)

economy in which the government decides what is made.

c)

equilibrium between a product's supply and its demand.

d)

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

2.

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

a)

Internal and external environmental costs are usually considered equally.

b)

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

c)

Harm to the environment can harm economies.

d)

The relationship usually receives serious consideration.

3.

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

a)

1960s and 1970s.

b)

1980s and 1990s.

c)

years between 2000–2005.

d)

years between 2005–2010.

4.

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.

a)

World Trade Organization

b)

European Union

c)

United Nations

d)

World Health Organization

5.

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

a)

green tax

b)

command-and-control

c)

cap-and-trade

d)

Subsidy

6.

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 ___________.

a)

command-and-control approach.

b)

cap-and-trade system.

c)

subsidy.

d)

green tax.

7.

The first step of the environmental policy process is to ___________

a)

guide the solution to law.

b)

identify the problem.

c)

get organized.

d)
  • gain access to policymakers.

8.

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

a)

True

b)

False

9.

All economies depend on the environment.

a)

True

b)

False

10.

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

a)

True

b)

False

11.

The United Nations is a group of 27 member nations that can sign treaties and enact regulations that have the same authority as national laws in each member nation.

a)

True

b)

False

12.

__________ consists of a formal set of general plans and principles intended to address problems and guide decision making in specific instances.

a)

Policy

b)

Procedure

c)

Guideline

d)

Strategy

13.

The laws that make up historical U.S. environmental policy can be divided into _______ periods.

a)

three

b)

two

c)

four

d)

five

14.

____________ involves efforts to influence an elected official into supporting a specific interest.

a)

Lobbying

b)

Fundraising

c)

Campaigning

d)

Polling

15.

"Energy Star," "USDA Organic," and "Fair Trade Certified" are all examples of _______.

a)

ecosystems

b)

market failure

c)

non-market values

d)

ecolabelling

16.

In making environmental policies, government interacts with ___________.

a)

organizations

b)

businesses

c)

citizens

d)

all of these

17.

In the U.S., laws enacted from the 1780s to the late 1800s reflected the perception that ____________

a)
  • the amount of land and natural resources in the West was endless.

b)
  • the natural resources of the West could be used up and required legal protection.

c)
  • Americans were living amid dirtier air, dirtier water, and more waste and toxic chemicals.

d)
  • a sustainable future should be a primary goal.

18.

Green taxes are used widely in the United States.

a)

true

b)

false

19.

The amount of a product people will buy at a given price if free to do so is  ________________.

a)

set point

b)

unknown

c)

supply

d)

demand

20.

The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) and the Kyoto Protocol are examples of _____________________ designed to protect the environment.

a)

international treaties

b)

laws

c)

policies

d)

subsidies

21.

Which of the following is an example of a "service" provided by ecological systems?

a)

Water purification

b)

Pollination

c)

Aesthetic value (the view)

d)

All of these