Environmental Science - Chapter 5 - Environmental Economics and Environmental Policy

Capitalist market economy.

Centrally planned economies.

Subsistence economy.

Property damage.

Human health problems.

Stress and anxiety experienced by people downstream or downwind from a pollution source.

Increasing res estate values.

Totaling up estimated costs for a proposed action and comparing these to the sum of benefits estimated to result from the action.

Seller desire the highest possible price.

Costs will always exceed. This should always be chosen over benefits.

Additional money that should have been included in the sales of property.

Aesthetics and recreational pleasure we obtain from natural landscapes.

Goods and materials lost that should have been accounted for.

Is policy that pertains to human interactions with the environment.

Is policy made by governments.

Does not have a set of formal rules or plans.

Evidence of environmental problems became widely and readily apparent.

People could visualize policies to deal with the problems.

The political climate was ripe, with a supportive public and leaders who were willing act.

All of the above.

Envisioning a solution.

Shepherds the solution into law.

Creating a larger problem in order to make yours seem easy to solve.

Identify a problem.