Exam 6: Ecological Economics and Consumption- Wall to Wall, Cradle to Cradle: a Leading Carpet Company Takes a Chance on Going Green

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Infographic 6.5. Infographic 6.5.   -Refer to Infographic 6.5. Why is it important to consider the cost to an ecosystem when purchasing a product as well as considering the price of the object or service? -Refer to Infographic 6.5. Why is it important to consider the cost to an ecosystem when purchasing a product as well as considering the price of the object or service?

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We are very familiar with checking price tags, looking for sales or deals, etc. What needs to happen is for both the manufacturer and the consumer to consider the cost to the environment as well. How much water was used? How many fossil fuels were burned? What wastes were produced? Where did they end up? Were people displaced by this process? What is the possibility of injury to the workers or people in the area? Are there other health issues? Once these are considered, a consumer may discover that the good or service is actually not the best choice, in spite of the cheaper price tag.

Which of the following is NOT an important reason to maintain an intact ecosystem?

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E

One major difference between mainstream and environmental economics is that mainstream economics assumes that waste can be disposed of in a(n) _______ system.

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D

Why would nutrient cycling be considered such a valuable ecosystem service to humans?

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Which of the following choices is considered natural capital?

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Infographic 6.6. Infographic 6.6.   -Refer to Infographic 6.6. What does each figure represent? -Refer to Infographic 6.6. What does each figure represent?

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Today, if we were to purchase a good or service at its true cost, how would the price compare to what we are accustomed to paying for the good or service?

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One of the limitations of mainstream economics is that it does not take into account ___________ costs when a price is assigned to a product or service.

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Compare and contrast technology as a variable that increases and decreases a population's overall impact.

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What are the differences and similarities between environmental and ecological economics?

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Infographic 6.5. Infographic 6.5.   -Refer to Infographic 6.5. You can find a double cheeseburger on the dollar menu at many fast-food chains. Use the infographic to describe how the true cost of that food product is not reflected by the sale price. -Refer to Infographic 6.5. You can find a double cheeseburger on the "dollar menu" at many fast-food chains. Use the infographic to describe how the true cost of that food product is not reflected by the sale price.

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One area where traditional economics differs from environmental economics is that traditional economics tends to give more weight to _________ benefits and costs than it does to ________ benefits and costs.

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_________ include manufacturing costs, labor, taxes, utilities, insurance, and rent.

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If a car company manufactures an electric car made of recycled and bio-based components and powers the car battery by leasing solar panels to its customers, then which of the following happens?

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The government must decide if a section of forest in north Wisconsin can be sold for lumber or if it should be added to the Nicolet National Forest. The social science that deals with how this resource should be allocated is called _______.

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All of the following actions would threaten the Earth's ability to provide ecosystem goods and services EXCEPT __________.

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Ecosystem services would be discounted in the _________economic system.

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Which of the following would not be considered an ecosystem service?

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What is the monetary value attributed to essential ecosystem services? Who calculated this value, and how can it be useful to place a monetary value on ecosystem services?

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A computer company leases rather than sells its computers to consumers for a monthly fee. The company maintains the computers and replaces them as needed. The old computers are either refurbished or recycled. What does this business model represent?

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