Chapter 2: Environmental Economics, Politics, and Worldviews
Self-Directed Study: Chapter 2.1 - 4, 7-10
1. From among the following categories, select the most inclusive one: manufactured capital, economic resources, human capital and natural resources.
2. TRUE/FALSE Time is classified as an economic resource.
3. What is being described: A.. decisions are made by the government. B. economic decisions are made by the markets.
4. What is another name for pure market system?
5. Which of the following would be a description of a pure market system: freedom of choice, pure competition, obligation to provide a safe workplace, and the flow of economic goods and money between households and businesses
6. In a pure market system, what is a company's only obligation?
7. What is the most common economic system? Briefly give a description of this system.
8. Name two external costs of driving a domestic car.
9. What is being described: involves making the market price approach the true cost of an economic good, requires government action, producers of harmful and wasteful products might go bankrupt, difficult to place a price tag on external costs, producers of harmful and wasteful products might lose subsidies?
10. TRUE/FALSE: In benefit-cost analyses, the future value of a resource is usually discounted.
11. Give three reasons why benefit-cost analysis is difficult.
12. What is being described?:Using tax dollars to subsidize businesses that install pollution control equipment?
13. List three economic approaches that contribute to government revenues.
14. What are three reasons why economists say our goal should not be zero pollution?
15. Of what is selling the right to harvest timber up to a sustainable yield level be an example?
16. Define the term poverty.
17. Currently, one in every ____ persons on the planet lives in poverty in a developing country.
18. Since 1950, how has the gap between the rich and the poor faired?
19. By investing in global environmental and economic security, describe three ways that developed countries can help address poverty.
20. What is responsible for setting standards for pollution in this country.?
21. Name the Act that is requires comprehensive evaluation of the environmental impact statement of an activity before it is undertaken?
22. Name the environmental group which has given students skills in researching and developing strategies to make their campuses and communities more sustainable.
23. Among the following which two would environmentalists least expect anti-environmental forces to support: collect and publish data about environmental issues or submit bills to improve energy efficiency and recycling?
24. In order to give an unbiased evaluation of your position on environmental issues, which would you need to do: distinguish between frontier and consensus science, apply the precautionary principle, or apply critical thinking?
25. What was the general reaction by environmentalists to the 1992 Rio Earth Summit?
26. Which one of the following is not a variation of planetary management worldviews: spaceship-Earth, free-market school, ecocentrism, or stewardship?
27.What is being described: "Better management and technology and more economic growth can fix our problems?"
28. What is indicated: an ethical responsibility to "tend our garden" would improve most technological- economic growth?
29. What do the following planetary management worldviews have in common: spaceship-Earth, free-market school, ecocentrism, and stewardship?
30. According to life-centered environmental worldviews, species which have a right to life regardless of their usefulness to humans, have what kind of value?
31. Which worldviews is most likely to support the view that most public property should be turned over to private ownership?