Economics
The study of the production and consumption of scarce resources and the way they affect behavior.
What is economics?
This landmark U.S. law, passed in 1970, established the Environmental Protection Agency and set the framework for national pollution control standards
What is the Clean Air Act?
The values applied to a portion of the environment are based on the ______ ______ for that area
What are ecosystem services?
The study of ecology and focusing on how humans affect the environment and ways to address environmental problems.
What is Environmental Science?
This concept explains the overuse of common resources, leading to depletion or degradation, due to individuals acting in their own self interest.
What is tragedy of the commons
This term describes the guiding principles and actions governments take to address environmental issues.
What is environmental policy?
Goods that humans use directly from the ecosystem.
What is provisioning?
a measure of the demands made by one person or group on global natural resources.
What is ecological footprint?
The amount of resources available.
What is supply?
Environmental policies generally fit into 2 categories:
What is regulations and incentives?
The ability of an ecosystem to regulate air, soil, or water quality, and provide flood control or disease control.
What is regulating
Naturally replenished over short periods of time.
What is renewable natural resources?
Not only do decision-makers need to think about the cost of a resource, but also whether it is worth what is gained. This process of decision-making is called...
What is the cost-benefit analysis?
Policies that are a combination of both regulations and incentives
What is Cap-and-trade?
Non-material benefits that people obtain from the ecosystem
What is cultural?
It takes a long time to replenish
What is nonrenewable natural resources?
2 Examples of environmental resources in scarce supply
What is freshwater, minerals, coal, oil, animals, topsoil, etc?
Provides the necessities to allow an ecosystem to function.
What is supporting?
Two major events that change the course of human history and the way we interact with natural resources
What were the Agricultural Revolution and the Industrial Revolution?