Willow
the study of production and consumption
economics
the amount of resources available
supply
the number of people willing to buy/use the product
demand
A dark liquid found deep underground made from ancient fossilized animals
oil
arrfmes
farmers
when supply is high and demand is low, the price:
is low
when demand is high and supply is low, the price:
is high
wood processed into beams, boards, or planks for construction, furniture, etc. that is considered a somewhat renewable resource
timber
Ms. Kutzler's favorite color
green
zommaa
amazon
viewpoint that the potential for a society to grow is based on profit making and jobs, with minimal regard for the effect on natural resources
classic economist
viewpoint that economics is just another piece of the pie and that there is no substitute for natural resources
ecological economist
the human, red headed, female character in the Lorax movie who would be considered an ecological economist
Audrey
the short, bowl-cut character in the Lorax movie who would be considered a classic economist
Mr. O'Hare
ntoyemunplme
unemployment
the process decision makers follow when determining if the cost of the resource is worth what will be actually gained
cost-benefit analysis
the term for the cost of products causing harm to the environment, a decline in human health, etc. that IS NOT charged to the consumer
hidden costs
the term for when hidden costs ARE factored into the market price of a product or service
full cost pricing
cash payments, tax breaks, incentives from the government to support individuals or companies
subsidies
xfeed
fedex
green taxes
subsidies like tax breaks for mining fossil fuels and cutting timber in national parks
perverse subsidies
more than a Big Mac
and increase in product cost and the difficulty to determine what dollar amount is appropriate are two "cons" to ___
full cost pricing
all answers in the sequoia column have this in common