Exam 26: Economics, environment, and Sustainability

A ____________________ free-market economic system is a theoretical ideal or model in which buyers and sellers freely interact and make economic decisions in markets without any government or other interference.

What is passing and enforcing laws that ban the release of toxic chemicals into the environment called? 

What is a method by which developed countries can help address poverty and thereby invest in global environmental and economic security? 

Which of the following is a characteristic of economic growth? 

What are some disadvantages of tradable environmental permits?

Which statement goes against what economists generally believe? 

What is caused by internalizing external costs? 

What is one focus of ecologically sustainable development? 

Environmental economists believe that society can modify the principles of neoclassical economics and reform current economic systems,rather than completely redesigning them.

What could help governments of developing countries reduce poverty? 

Microloans are funded by the Grameen Bank in London,England.

____________________ is the study of how individuals and societies choose to use limited or scarce resources to satisfy their unlimited wants.

Environmental economists agree with ecological economists that some forms of economic growth are not sustainable.

What would the demand and supply curves look like that are associated with a market in which price,supply,and demand are the only factors involved? 

What is the term for levying taxes on each unit of pollution discharged into the air or water? 

How is poverty usually defined? 

What is meant by the optimum level of resource use?

What is the greatest impact of internalizing external costs? 

Environmentally harmful,or ____________________,businesses are those that are projected to decline in favour of more environmentally friendly businesses.

A trade-off of using tradable pollution and resource-use permits to reduce pollution would be that big polluters and resource wasters could buy their way out.