Economics and the Environment

What needs to be done first before proposing a solution to an environmental problem?

A shift towards cleaning up the environment and living more sustainably happened in the mid to late 20th century.

Some people argue that becuase Earth’s resources are ultimately limited, nonstop economic growth is

A small town needs a new water tank. The town cannot pay for the tank, so the government does. This is market failure.

When demand for a product is low, the producer will

The organization that provides loans and grants to countries to improve their citizens standard of living

Which is the technique used to evaluate the overall usefulness of making an economic decision?

In the U.S., anyone can draft a bill, but a member of a business has to introduce it and follow it until it is passed.

What are the two broad approaches to environmental policy

Which branch of the U.S. government is involved in interpreting environmental laws and hearing environmental lawsuits.

A company that generates pollution may pay extra taxes, based on the amount of pollution it produces. These are called

Businesses that contract with the government must prepare an Environmental Impact Statement before starting a project.

Ultimately, where do economies get their resources and put their wastes?

Which statement about cap-and-trade systems is true?

What major entity of the U.S. government has the chief responsibility for overseeing environmental regulations?

Ecolabeling tells consumers which brands are made with processes that do not harm the environment.

A subsidy is a giveaway of cash or public resources that is intended to encourage a particular activity or lower the

Which is not one of the three main purposes of modern environmental policy?