Environmental Science Final Exam Chapter 2 Question Preview (ID: 33515)
Chapter 2.
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The amount of a product offered for sale at a given price is
a) benefit
b) cost
c) demand
d) supply
When demand for a product is low, the producer will
a) raise price and drop supply
b) raise price and supply
c) drop price and raise supply
d) drop price and supply
Things that we appreciate for beauty, that help define our culture, or that teach us about ourselves are said to have
a) market failures
b) ecolables
c) non-market values
d) cost-benefit analyses
Which of the following facts influenced the shift in environmental policy in the U.S. during the mid-to late-1900's?
a) Americans found themselves living amid dirtier air, dirtier water, and more waste and toxic chemicals.
b) Americans became less aware about environmental problems.
c) Many Americans found themselves worse off economically.
d) America was less densely populated and had reduced its reliance on technology.
What major entity of the U.S. government has the chief responsibility for overseeing environmental regulations?
a) Environmental Impact Statement
b) Environmental Protection Agency
c) National Park Service
d) Supreme court
Sometimes, a company that generates pollution will pay extra taxes, based on the amount of pollution it produces. These are known as
a) Green taxes
b) command-and-control taxes
c) cap-and-trade taxes
d) subsidy taxes
What statement about cap-and-trade systems is true?
a) It prohibits companies from emitting any pollution.
b) It consistently reduces pollution in all areas.
c) It issues permits that allow companies to emit a percentage of the overall amount of a given pollutant.
d) It always leads to positive environmental results.
A cost-benefit analysis is a(n)
a) study of the factors that influence decisions of buyers and sellers.
b) economy in which the government decides what is made.
c) equilibrium between a product's supply and demand.
d) Comparison between what is sacrificed and gained by a specific action.
'Energy Star' - 'USDA Organic' and 'Fair Trade Certified' are all examples of
a) ecosystems
b) ecolabelling
c) non-marketing values
d) market failures
Why is it important for nations to work together on environmental policy?
a) Laws made in one country don't apply to the neighboring country. So, they have to work together to make agreeable policies fo
b) Hit it fergie! everytime i turn around brothers gather 'round lookin at me up and down starin at my HUH!
c) I got a fire for a heart i'm not scared of the dark you've never seen i look so easy.
d) You're insecure don't know what for, you're turning heads when you walk through the door.
Ultimately, where do economics get their resources and put their wastes?
a) Factories
b) cities
c) households
d) ecosystems
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