Exam 23: Economics, environment, and Sustainability

After the easily removed natural resource,such as coal,has been taken,the cost of removal goes up with each additional unit of the resource taken.This is called the marginal cost.

Which school of economics views the earth's natural capital as a subset,or part,of a human economic system?

A free-market system operating without government interference requires that sellers ____.

Identify and discuss the three types of capital.

What is an example of a service-flow economy?

What is a direct cost of driving a domestic car?

Use the figure above to answer the following question(s). -What was the budget for the U.S.military for the year 2008?

Three types of capital are used to produce goods and services: __________ capital;__________ capital;and __________ capital.

Which school of economics warns that human economic systems could exceed the capacity of the environment to handle the pollutants and wastes we produce?

Innovation-friendly regulation does which of the following?

What proportion of Grameen Bank loans have been repaid?

Use the figure above to answer the following question(s). -What percentage of the U.S.military budget is the Total Earth Restoration Budget?

Use the figure above to answer the following question(s). -What U.S.expenditure could we eliminate in the right hand part of the figure that would pay to protect tropical forests worldwide?

What is a strategy recommended by environmental economists to help make the transition away from unsustainable economic growth?

The Genuine Progress Indicator adds to the GDP the estimated values of benefits not included in market transactions and subtracts the harmful environmental and social costs.

The United States gives a large sum of money to charitable causes.However,when compared to our national income,our giving is quite low.For example,the United States gives 0.16% of its national income to help poor countries,while Sweden gives nearly six times that much.Is it in our best interest to increase our giving to poor countries? In your discussion,relate your answer to such issues as environmental degradation,unbridled natural resource use,and the concept of "stealing from future generations."

In a truly free-market economic system no company or small group of companies would control the prices of any goods or services.

Neoclassical economists assume that the potential for economic growth is unlimited.

In Europe and the United States,70% of people surveyed indicated they support green taxes.

Ecological economists and ____________________ view economic systems as subsystems of the biosphere.