Chapters 8 & 10

• Depletion of the ozone layer, destruction of the rain forests, and species extinctions all have an impact on:

All of society

• The amount of land and water a human population needs to produce the resources it consumes and to absorb its waste given prevailing technology is called:

Ecological Footprint

• Public policy tools involve a combination of:

incentives and penalties

• Government's role is to create and enforce laws that:

o Balance the relationship between business and society

• Life-cycle analysis involves:

o Collecting information regarding the lifelong environmental impact of a product, from extraction to disposal

• Deregulation has occurred in the following industries:

o Commercial airlines, railroads, and financial institutions

• Reasons for the destruction of rain forests include:

o Commercial logging o Cattle ranching o Conversion of forests to plantation o All the Above

• Past decisions of the courts, the original basis for the US legal system are called:

o Common laws

• Economic regulations:

o Cut across industry lines

• With respect to fresh water, according to one estimate, if it were possible to eliminate pollution, capture all available fresh water, and distribute t equitably:

o Demand would exceed supply within a hundred years

• The idea that companies have a continuing responsibility for the environmental impact of their products or services, even after they are sold is called:

o Extended producer responsibility

• By raising and lowering the interest rate at which private banks borrow money from the govt, the Federal Reserve Bank:

o Influences size of nation's money supply o Influences the value of the dollar o Both A and B, not C

• Why is inequality an environmental problem?

o People in the richest countries consume many natural resources o People in the poorest countries often misuse natural resources o Both A and B, not C

• Rapid economic development is often accompanied by:

o Rising incomes, bringing higher rates of both consumption and waste

• Total social regulation costs are:

o Significantly higher than total economic regulation costs

• Public policy effects are:

o Sometimes intended and sometimes unintended

• Which of the following statements is not true about the population?

o The world population will at over 11 billion people around the year 2100

• Cooperation between business and government often occurs when:

o They encounter a common problem or enemy

• Which of the following countries has not ratified the Kyoto Protocol?

o United States

economic policies include:

fiscal and monetary policies