Chapter 20: The Global Demand for Resources
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Created by:
Asher on January 11, 2010
Subjects:
Classes:
Economics B. Goodson, Clark 12th grade
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43 terms
Terms | Definitions |
|---|---|
 Subsistence | the minimum amount to sustain |
| Annual Population Growth Rate | 1.4% a year |
| Population by 2020 | 8 billion |
| Population by 2050 | 12 billion |
| What happened in 1973? | oil-producing countries of the middle east placed an embargo on import/export of oil to the West. |
| Natural gas is __% of energy consumption in the US | ~25% |
| Oil is the _____ category of nonrenewable energy | biggest |
| Coal is the _____ largest nonrenewable resource | 3rd |
| Nuclear energy is a _____ and ____ energy source? (2 words) - | new and 4th largest |
| Nonrenewable resources | resources that cannot be replaced |
| Hydroelectric accounts for ____ of all renewable energy consumed in the US. | half of all renewable energy |
| Solar power is the _____ largest source of renewable energy. | 3rd |
| _____ is the largest producer of wind generated energy. | California! |
| Where are many of the most dangerous nuclear reactors located? | Ukraine |
| For what purpose is most of the water in the US used for? | agriculture |
| What major problem does Southern California have in connection to water? | water shortage |
| What happens to agriculture when population increases? | reduces the amount of land available. |
| Embargo | a government order imposing a trade barrier |
| What 3 effects did lower oil prices cause? | recession, OPEC lost some of it's control and search for alternative fuels began to wane. |
| Gasohol | a mixture of gasoline and ethanol |
| Glut | the quality of being so overabundant that prices fall |
| Why were factories often located near rivers? | So they could you hydroelectric power. |
| Pollution | contamination of air, water or soil by discharge of poisonous or noxious substances. |
| Acid Rain | water + sulfur dioxide that make a mild sulfuric acid. |
| What 2 ways can you control pollution? | Legeslated standards, have companies pay taxes on the amount of pollutants they release, pollution permits. |
| ** Which of the 2 ways do you think whould work best and why? | I think that a combination of them would be best have standereds and tax the companies who are exempt. |
| Pollution Permit | federal authorization allowing a public utility to release pollutions into the air; a form of pollution control |
| Cost-Benefit Analysis | comparing the cost of an action to the benefits. |
| Modified Free Enterprise Economy | capitalism with some government involvement; same as modified private enterprise economy |
| Five steps of a Framework of Decision Making | 1. State problem/issue 2. Determine goals around issue 3. Consider principle alternative means of achieving goals. 4. |
| Who was Thomas Malthus? | English economist: Said that population tends to increase more rapidly than food supplies |
| What was the name of his book? | Essay on Principles of Population |
| * What did he believe about population? | Population whould grow faster than it's ability to feed itself. |
| What 4 factors, according to Malthus whould slow the population growth? | The population whould only be able to produce enough to support itself. |
| Was he right or wrong? Why? | In some parts of the world, but the world isn't as black and white as that. |
| What are fossil fuels? | coal, oil, natural gas, and other fuels that are ancient remains of plants and animals. |
| What is the disadvantage in using them in energy? | They take thousands of years to form. |
| What are the main renewable energy sources used today? | Hydroelectric and Biomass |
| In what way is land a nonrenewable resource? | Land can be used to build and develop on, if you want to reuse it you have to destroy whats there. |
| What is OPEC? | Organization of petroleum exporting countries- An internal economic organization whose member countries produce and export oil. |
| How does a tax on pollution encourage companies to stop polluting? | The more they pollute the more they have to pay. |
| How could an increase in the price of natural gas help conserve the limited supply? | If people have to pay more they will try and find ways to use less. |
| * What was the problem with Laissez Faire Capitalism? | Business had too much power, destroying the environment and society. |
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