Environmental Economics and Policy

Question 1

Cap-and-Trade

Accepted Answer

Allows companies to pollute a certain percent

Question 2

First period of US Environmental policy

Accepted Answer

unlimited resources

Question 3

Second period of US environmental policy

Accepted Answer

National Park System

Question 4

Service provided by the environment

Accepted Answer

All of the above

Question 5

In a cost-benefit analysis you must consider

Accepted Answer

Gains and Costs

Question 6

US environmental policy mostly is created at the

Accepted Answer

State and Local level

Question 7

Amount of product offered at a given price versus amount people will buy at that price.

Accepted Answer

Supply-and-Demand

Question 8

Law where laws are enforced

Accepted Answer

Command-and-Control

Question 9

Corporate response to a change in consumer values

Accepted Answer

ecolabeling

Question 10

First step in the environmental policy is

Accepted Answer

Identify the problem

Question 11

Which branch of the US federal government is involved in environmental policy making?

Accepted Answer

All 3

Question 12

Which are harmful economic assumptions?

Accepted Answer

Economic growth is continual, Short-term effects should be emphasized, Resources are unlimited, Cost-Benefit only affects buyers and sellers

Question 13

Increased population increases pollution of

Accepted Answer

environment

Question 14

Which are examples of ecolabeling?

Accepted Answer

Energy Star, USDA Organic, Fair Trade Organic

Question 15

Third period of US environmental policy

Accepted Answer

Silent Spring, Cuyahoga River fires

Question 16

How do economies receive support from the environment?

Accepted Answer

Goods and services

Question 17

In a supply and demand curve, the market always searches for

Accepted Answer

equilibrium

Question 18

Goods provided by the environment

Accepted Answer

Timber, Fossil fuels

Questions 18