ES: Ch 2 Economics FA

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In economics, the market is in equilibrium when these concepts are balanced.

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Moral principles held by a person or a society as it relates to the relationship between humans and their environment is known as?

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This is rarely considered during a traditional cost-benefit analysis:

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Environmental economics is different from traditional economics because:

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The worldview that values the well being of species, communities, and ecosystems over the welfare of an individual is known as?

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The movement to promote fair and equitable treatment of all people with respect to environmental policy and practice, regardless of their income, race or ethnicity is __________________.

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The amount of a product offered for sale at a given price is ___________.

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____________________________ is a field of study that states economies are unsustainable if resource use is not made more efficient.

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Ecosystem services provided by Earth’s systems are said to have ________________________ - not included in the price of goods or services.

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________________, tells consumers which brands are made with processes that do not harm the environment.

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

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A method called __________________________________________ is used when making a decision, by comparing the sacrifices and gains of a specific action.

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_________________________________ occurs when markets do not consider the environment’s positive effects on economies.

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Name two goods provided by nature

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Name two services provided by nature.

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There are four assumptions (something accepted as true, without proof) in traditional economics that lead to negative outcomes for the environment. Name one of these assumptions.

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Explain why the above assumption would negatively impact the environment.

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What is an externality?

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Provide an example of a negative externality.

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In economics, the market is in equilibrium when these concepts are balanced.

Moral principles held by a person or a society as it relates to the relationship between humans and their environment is known as?

This is rarely considered during a traditional cost-benefit analysis:

Environmental economics is different from traditional economics because:

The worldview that values the well being of species, communities, and ecosystems over the welfare of an individual is known as?

The movement to promote fair and equitable treatment of all people with respect to environmental policy and practice, regardless of their income, race or ethnicity is __________________.

The amount of a product offered for sale at a given price is ___________.

____________________________ is a field of study that states economies are unsustainable if resource use is not made more efficient.

Ecosystem services provided by Earth’s systems are said to have ________________________ - not included in the price of goods or services.

________________, tells consumers which brands are made with processes that do not harm the environment.

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

A method called __________________________________________ is used when making a decision, by comparing the sacrifices and gains of a specific action.

_________________________________ occurs when markets do not consider the environment’s positive effects on economies.

Name two goods provided by nature

Name two services provided by nature.

There are four assumptions (something accepted as true, without proof) in traditional economics that lead to negative outcomes for the environment. Name one of these assumptions.

Explain why the above assumption would negatively impact the environment.

What is an externality?

Provide an example of a negative externality.

What purpose to constructed wetlands serve?