Ecosystem Services
This service contributes to well-being through natural beauty, recreation and spiritual experiences.
What are cultural services?
This is the amount of final goods produced in a year.
What is GDP or national income?
This measure inequality on a 0 to 1 scale.
What is the Gini Index?
This refers to values not easily observed in market activities or transactions.
What are nonmarket values?
This sets the maximum allowed pollutant in an environment.
What is an ambient concentration standard?
Price times quantity or the sum of income produced from the good or service.
What are the two ways to measure natural capital or the asset value of ecosystem services.
This is the asset value of manufactured, natural and human capital.
What is inclusive wealth?
U.S. income inequality today is similar to what it was in the ....?
What is the 1930s?
This is the weighting of future values into present values
What is discounting?
This type of policy aims to lower the cost of achieving a pollution reduction.
What is an incentive-based policy?
This service is harvested, such as timber, fish, and medicinal plants.
What are provisioning services?
This is national income adjusted for depreciation.
What is NDP?
What is economic equity?
This refers to the conditions a program or policy is compared to in a CBA.
What is the baseline or status quo?
This is the idea that regulations increase firm profits.
What is the Porter Hypothesis?
This includes renewable resources, nonrenewable resources and other natural assets that benefit society.
What is natural capital?
This tracks a country's income sources.
What is a national income account?
About 45%.
Around 2%-3%.
What is the social discount rate?
This occurs when a pollution reduction in a regulated region is offset by a pollution increase elsewhere.
What is leakage?
This is a service that is more like an intermediate ecosystem process.
What is a supporting service?
This is when the value of inclusive wealth is increasing, or adjusted net savings is positive.
What is weak sustainability?
This is the idea that income inequality worsens before it gets better as an economy develops.
What is the Kuznets Curve Hypothesis?
This is currently around $60 per ton.
What is the social cost of carbon?
This criterion examines if the gain in social welfare is as large as possible.
What is efficiency?