Lesson 4: Economics and the Environment

8) Select 2 that apply. What are two main environmental problems?

-Humans are using natural resources at a rate faster than those resources can be renewed. -The human population in certain areas is growing faster than that area's resources can support.

12) Choose the best answer. How do developing nations compare to developed nations with their ecological footprint?

The ecological footprint in developing nations is generally greater than that of developed nations.

10) Choose the best answer. Which of the two main environmental problems might a developing nation be more responsible for?

The human population in certain areas is growing faster than that area's resources can support.

9) Choose the best answer. Which of the two main environmental problems might a developed nation be more responsible for?

The human population in certain areas is growing faster than that area's resources can support.

11) Choose the best answer. Explain what an ecological footprint is.

a calculation of the amount of land and other resources needed to support one person in one country

1) Define the term developed nation.

a nation that typically has higher average income, slow population growth, and many different types of economic activity

2) Define the term developing nation.

a nation that typically has lower average income, high rate of population growth, and fewer types of economic activity

4) Choose the best answer. What is a cost-benefit analysis?

an analysis that weighs the cost of different solutions against the benefits that will result from the solution

3) Choose the best answer. What is the law of supply and demand?

an economic principle that states the more demand there is for something with a limited supply, the higher the price will be

7) Choose the best answer. What is an ecological risk assessment (ERA)?

an evaluation of how the environment might change if it is impacted in some way

14) Essay. What do you think should be done about the ecological footprint of developed nations, if anything? State your opinion and back up your opinion using at least seven complete sentences.

https://quizlet.com/298508449/environmental-science-unit-1-lesson-4-flash-cards/ (i used their answer)

5) Choose the best answer. How can a cost-benefit analysis be helpful?

making it easy to compare solutions

6) Choose the best answer. How can a cost-benefit analysis not be helpful?

the difficulty of putting a monetary value on life and health

13) Choose the best answer. This Lesson used the price of oil and the demand of driving to demonstrate the law of supply and demand. Which example of supply and demand has the most environmental impact?

warm weather and the demand for ice cream