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Chapter 5 Reading Quiz
Terms in this set (25)
What is the term that refers to the substances and forces that sustain our society and everyday lives?
What are ecosystem services?
These are essential processes such as soil formation, nutrient cycles, the pollination of plants, etc.
How do economists assess (calculate) the economic health of a nation?
Gross Domestic Product
Which of the following groups advocates economies that neither grow nor shrink but remain stable?
Which of the following is the main concern of neoclassical economics?
What is meant by "market failure"?
This occurs when markets do not take into account the environment's positive effects on economies (such as ecosystem services) or when they do not reflect the negative impacts of economic activity on people or the environment (external costs)
Pollution changes the Gross Domestic Product (GDP) How does this occur?
GDP goes up when the polluting substance is produced and again when society pays to remove the substance from the environment
What type of economic discipline maintains that society, like natural populations, cannot surpass environmental limitations?
How does the GDP (Gross Domestic Product) differ from the GPI (Genuine Progress Indicator)?
The GPI takes into account externalities (both good and bad) and other nonmarket values, while the GDP does not
Which of the following best explain the "free rider" predicament?
This allows one party to "get away" with an environmental impact while other parties continue to use best environmental practices
Which of the following is NOT an external cost that affects people who are not involved in some environmentally damaging transaction?
What event is credited with leading to the passage of the Clean Water Act?
the Cuyahoga River catching fire - Pollution floating in the water of the Cuyahoga River caught fire multiple times in the 1950s and 1960s
During the second wave of U.S. environmental policy, in 1872, Congress designated Yellowstone as the world's first __________.
The role of an administrative agency is that of _______.
enforcement and elaboration of laws passed by Congress
What was the main emphasis of the first major era of U.S. environmental policy?
Development through management and westward expansion
What is the title of the book by Rachel Carson that refers to the absence of birdsongs due to the poisoning of birds by pesticides?
The environmental justice movement started because __________.
people realized that environmental damage is not equally distributed among all classes and racial groups; minority and low-income communities tend to contain a much larger share of the environmental damage (such as landfills, incinerators, toxic waste sites, etc.)
Who signed the National Environmental Policy Act (NEPA)?
During what century did consumption of natural resources and pollution increase dramatically for the first time in human history?
Which type of advertising assists consumers in choosing products that are grown or manufactured with environmentally friendly methods?
Which of the following acts to discourage unsustainable activities?
Green tax (payment to the public when environmental damage is caused)
Most of the environmental progress made over the past few decades has come about through __________ methods.
Command and Control
While in the grocery store, Maria chooses to purchase the soy milk produced from non-genetically modified soybeans over the brand grown conventionally. Maria has made use of __________ for her decision.
A company that produces household cleaners decides to produce a "green" version of its products, even though the formulas are virtually unchanged compared to the original formulas. This is an example of __________.
What is sustainable development?
Promoting a viable economy while maintaining a viable environment and meeting social needs
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