Duplicate of Env Sci Ch2 Sec1

Question 1

Resources are endless.

Accepted Answer

False

Question 2

Field of econ that says economies can be sustainable IF environment challenges are addressed

Accepted Answer

environmental economics

Question 3

Demand is...

Accepted Answer

the amount of product people will buy at a given price

Question 4

When the amount of product produced matches the demand for that product it is called..

Accepted Answer

equilibrium

Question 5

This period of environmental policy included dirty air, more waste, and rivers catching on fire

Accepted Answer

Third Period

Question 6

When demand is low, sellers increase price to try to make their money back.

Accepted Answer

False

Question 7

Market failure is when the market does not reflect the full costs and benefits of actions.

Accepted Answer

True

Question 8

Two economic concepts that greatly contribute to decision making are

Accepted Answer

supply and demand, and cost-benefit analysis

Question 9

What kind of "services" are provided by ecological systems?

Accepted Answer

Purifying air and water, cycle nutrients, recycle waste

Question 10

Non-market value

Accepted Answer

A value not included in price of a good or service

Question 11

What are natural resources?

Accepted Answer

Natural substances and forces needed to survive

Question 12

When demand is high, sellers can increase price to make more profit.

Accepted Answer

True

Question 13

Scientific value is a market value.

Accepted Answer

False

Question 14

National Parks were created during which period of US Environmental Policy?

Accepted Answer

Second Period (late 1800s-mid 1900s)

Question 15

Natural resources are _____ produces by nature, and ecological systems provide ______.

Accepted Answer

goods, services

Question 16

Aesthetic value is an example of non-market value.

Accepted Answer

True

Questions 16