Exam 5: Environmenteconomy:

State-linked companies are expanding globally and are seeking to secure access to resources wherever they are to be found. China has been particularly active in using _______________________to gain access to resources from around the world to fuel its rapid economic growth.

Certification of products as organic, sustainable, or local is an example of environmental protection being integrated as part of the:

Why might the establishment of a price for a natural commodity based only on supply and demand not reflect the true value of that commodity?

The so-called "green economy" represents those activities that are increasingly needed in order to address:

The natural world is essentially converted into ___________ commodities.

In countries with minority indigenous populations, their claims to territory, often based on very different legal traditions, have usually been ___________________ by majority or dominant populations.

Explain what a carbon trading scheme entails, and discuss three common criticisms of such a system.

Following their extraction, discuss three other phases that commodities derived from the natural environment may go through. Present examples for two commodities.

Commodities derived from the natural environment go through which of the following phases?

Uranium is a good example of:

The economic valuation of a commodity as the outcome of a supply-and-demand equation results in an equilibrium price that _________________ many of the environmental costs of the product.

Many would argue that the conventional market for commodities is entirely __________________ to the environmental effects of using nature as a resource.

The worth of natural resources in contemporary economics is often based on:

Economic techniques for assigning a value to nature, both when it is left undamaged and when it is degraded, attempt to convert environmental damage into: