Is policy that pertains to human interactions with the environment.

Does not have a set of formal rules or plans.

Environmental Science - Chapter 5 - Environmental Economics and Environmental Policy

Question 1

Question

Economics is the study of how people decide to use resources to provide goods and services.

Answer

True
False

Question 2

Question

What is the oldest type of economy?

Answer

Capitalist market economy.
Centrally planned economies.
Subsistence economy.

Question 3

Question

Adam Smith believed that self-interest behavior could benefit society, as long as the behavior was constrained by the rule of law and private property rights and operated within fairly competitive markets.

Answer

True
False

Question 4

Question

All of the following are external costs EXCEPT:

Answer

Property damage.
Human health problems.
Stress and anxiety experienced by people downstream or downwind from a pollution source.
Increasing res estate values.

Question 5

Question

Our global economy is seven times the size it was just half a entry ago?

Answer

True
False

Question 6

Question

Cost-benefit analysis is:

Answer

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.

Question 7

Question

Environmental economists tend to disagree with ecological economists that economies are unsustainable if population growth is not reduced?

Answer

True
False

Question 8

Question

An example of a nonmarket value is:

Answer

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.

Question 9

Question

Market failure occurs when markets do not take into account the environment's positive contribution to economies?

Answer

True
False

Question 10

Question

Public Policy

Answer

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.

Question 11

Question

The Environmental Protection Agency has nothing to do with politics.

Answer

True
False

Question 12

Question

Historians suggest that major advances in environmental policy occurred in the 1960's and 1970's because:

Answer

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.

Question 13

Question

The United Nations (UN) represents multinational corporations and promotes free trade by reducing obstacles to international commerce and enforcing fairness among nations in trading practices.

Answer

True
False

Question 14

Question

Which of the following is NOT a step in the policy process?

Answer

Envisioning a solution.
Shepherds the solution into law.
Creating a larger problem in order to make yours seem easy to solve.
Identify a problem.

Question 15

Question

Ecolabeling tells consumers which brands use environmentally benign processes.

Answer

True
False

Question 16

Question

Green taxes have no drawbacks;businesses will pay the taxes for consumers.

Answer

True
False

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Environmental Science - Chapter 5 - Environmental Economics and Environmental Policy

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