What happened in 1973?
oil-producing countries of the middle east placed an embargo on import/export of oil to the West.
Hydroelectric accounts for ____ of all renewable energy consumed in the US.
half of all renewable energy
What 3 effects did lower oil prices cause?
recession, OPEC lost some of it's control and search for alternative fuels began to wane.
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.
federal authorization allowing a public utility to release pollutions into the air; a form of pollution control
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 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.
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.