Chapter 3 ecology review
Which is not a step in the cost-benefit analysis?
Determination of tradable emissions
A market-based instrument is a calculation of the net benefit or total positive impact of an environmental policy.
False
A similarity between ecosystems and markets is that they both operate in the same time frame.
False
Environmental costs are easy to assess, since they can be easily converted into monetary values.
False
In economics, the price rises when demand exceeds supply
False
More people die from aircraft accidents than from motor vehicle accidents.
False
Probability is the same as possibility.
False
Risk assessment usually involves a statement regarding the possibility that something could occur.
False
The supply is the amount of goods or services people are willing to sell at a given price.
False
There is essentially no difference between risk assessment and risk management.
False
Which of the following is NOT a factor in consumer interest in the green economy?
General knowledge that the government will be raising taxes on oil
Many of the negative effects companies have on the environment could be offset by___ government regulations, but such regulation could also___ impact industry and the economy.
Increased, negatively
Which of the following is a market-based instrument?
Information programs
Classically there are three kinds of resources, which are.
Labor, capital, and land.
Economic factors should be considered when.
Making an environmental decisions.
Point at which there is no significant health or environmental risk
Negligible risk
When the supply of a commodity exceeds the demand.
Producers lower their prices.
We assign value to natural resources based on our perception.of their
Relative Scarcity
Likelihood that a condition or action will lead to injury, damage, or loss.
Risk
Decision-making process that uses input such as risk assessment and economic impacts.
Risk management
The amount of a good or service available to be purchased is the.
Supply
Relationship between available supply of a commodity or service and its price.
Supply/demand curve
Using renewable resources in harmony with ecological system to produce a rise in real income and improved standard of living.
Sustainable development
Which of the following is a disadvantage of a subsidy?
The actual cost of a subsidized product is higher because bureaucracy necessary to administer the subsidy costs money.
What does the price of a product or service reflect?
The demand for an availability of the product/
Which of the following is an example of an extended product responsibility
The use of recycled wood products in the manufacture of new products.
In the United States, performance bonds are used.
To cover the cost of reclaiming and revegetating mined sites.
Deciding which risk should be given the highest priority and how much risk is acceptable are two decisions involved in risk management.
True
Economists look at resources as the available supply of something that can be used.
True
Man has a tendency to misuse or overexploit any resource that Is held in common public ownership.
True
One concern of the cost-benefit analysis is that it places an economic value on everything.
True
Primary environmental cost is pollution.
True
Risk is the probability that a condition or action will lead to an injury, damage, or loss.
True
The general public typically perceives involuntary risk, such as nuclear weapons, a greater risk than voluntary risks, such as smoking.
True
cost-benefit analysis is concerned with whether a policy generates more social benefits than social cost.
True
Which of the following does NOT demonstrate the use of renewable resources?
Using underground coal deposits to produce heat and electricity
Amount of a product that consumers are willing and able to buy at a given price.
demand
The goal of a deposit-refund program is to
encourage product recycling through the refund of a deposit
Mathematical statement about how likely it is that something will happen.
probability
Uses of facts to estimate the probability of harm to human health that may result from exposure to pollutants, toxins, or management decisions.
risk assessment