The amount of a product people will buy at a given price if free to do so is known as ______________________ .
Question 12
12.
A method called __________________________________________ is used when making a decision, by comparing the sacrifices and gains of a specific action.
Question 13
13.
_________________________________ occurs when markets do not consider the environment’s positive effects on economies.
Question 14
14.
Name two goods provided by nature
Question 15
15.
Name two services provided by nature.
Question 16
16.
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.
Question 17
17.
Explain why the above assumption would negatively impact the environment.
Question 18
18.
What is an externality?
Question 19
19.
Provide an example of a negative externality.
Question 20
20.
What purpose to constructed wetlands serve?
In economics, the market is in equilibrium when these concepts are balanced.
Costs and benefits
Supply and Demand
Carbon and Offsets
Regulations and Non-Market Values
Moral principles held by a person or a society as it relates to the relationship between humans and their environment is known as?
culture
environmental ethics
economics
ethics
This is rarely considered during a traditional cost-benefit analysis:
Short term gains
Availability of resources
Internal costs
Interactions between economies and the environment
Environmental economics is different from traditional economics because:
It takes into account short term effects on a market.
It assigns market values to ecosystem services (such as aesthetics, cultural, and educational values).
It assumes that there are endless resources available for consumption.
It takes into account the internal costs of an exchange.
The worldview that values the well being of species, communities, and ecosystems over the welfare of an individual is known as?
anthropocentrism
biocentrism
ecocentrism
economics
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 __________________.
biocentrism
economics
environmental justice
ecolabeling
The amount of a product offered for sale at a given price is ___________.
supply
demand
cost-benefit analysis
economics
____________________________ is a field of study that states economies are unsustainable if resource use is not made more efficient.
Economics
Environmental economics
Traditional economics
Biology
Ecosystem services provided by Earth’s systems are said to have ________________________ - not included in the price of goods or services.
non-market values
price
supply
demand
________________, tells consumers which brands are made with processes that do not harm the environment.