Exam 3: Risk,economics,and Environmental Concerns

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Which one of the following is NOT an economic tool used to encourage individuals or corporations to change their behavior and achieve an environmental benefit?

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Which one of the following statements about the perception of environmental risk is correct?

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The goal of a deposit-refund program is to

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What does the price of a product or service reflect?

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Which of the following best matches the description? -Amount of a product that consumers are willing and able to buy at a given price.

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Which one of the following is NOT a way to place value on ecosystems services?

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When the supply of a commodity exceeds the demand,

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Which of the following best matches the description? -Expenses borne by someone other than the individuals who use the resource.

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A market-based instrument is a calculation of the net benefit or total positive impact of an environmental policy.

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Risk assessment usually involves a statement regarding the possibility that something could occur.

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Give an example of cost-benefit analysis.Do not use the providing clean water and improved sanitation example given in the book.Be sure to explain all the variables affecting the costs and benefits of your decision.Based on your analysis,state whether you would be for or against the product you analyzed.

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A similarity between ecosystems and markets is that they both operate in the same time frame.

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Classically there are three kinds of resources,which are

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Which of the following is a disadvantage of a subsidy?

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Which of the following best matches the description? -Decision-making process that uses input such as risk assessment and economic impacts.

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Which of the following is NOT a characteristic of sustainable development?

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The general public typically perceives involuntary risks,such as nuclear weapons,a greater risk than voluntary risks,such as smoking.

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Many of the negative effects companies have on the environment could be offset by ________ government regulation,but such regulation could also ________ impact industry and the economy.

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Deciding which risks should be given the highest priority and how much risk is acceptable are two decisions involved in risk management.

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The amount of a good or service available to be purchased is the

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