Chapter 2 from Pearson Text
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| 9036749864 | economics | the study of how resources are converted into goods and services and how these goods and services are distributed and used | 0 | |
| 9036749865 | supply | the amount of a product offered for sale at a given price | 1 | |
| 9036749866 | demand | the amount of a product people will buy at a given price if free to do | 2 | |
| 9036749867 | cost-benefit analysis | a method in which decision makers compare what will be sacrificed and gained by taking a specific action | 3 | |
| 9036749868 | ecological economics | the field of economics that recognizes the relationships between ecosystems and economic system | 4 | |
| 9036749869 | environmental economics | the field of economics that links environmental and economic costs | 5 | |
| 9036749870 | non-market values | the value that is not included in the price of a product or service, appreciated for beauty | 6 | |
| 9036749871 | market failure | it occurs when markets do not consider the environment's positive effects on economies, such as ecosystem services, or when they do not reflect the negative effects of economic activity on the environment or on people, such as external costs | 7 | |
| 9036749872 | ecolabeling | a labeling system that tells consumers which brands are made with processes that do not harm the environment; EX: energy star, USDA organic | 8 | |
| 9036749873 | environmental policy | a general plan and principle related to the interactions between humans and the environment | 9 | |
| 9036749874 | environmental impact statement | a description of the effects a proposed project will have on the environment | 10 | |
| 9036749875 | command and control approach | an approach in which a government body sets rules and regulations and threatens punishment for violations | 11 | |
| 9036749876 | subsidy | a giveaway of cash or public resources that is intended to encourage a particular activity or lower the price of a product | 12 | |
| 9036749877 | green tax | taxes imposed on companies that participate in activities or produce products that are harmful to the environment | 13 | |
| 9036749878 | cap and trade | a system in which the government determines the overall amount of pollution it will accept for specific pollutants and issues permits that allow polluters to emit a certain fraction of that amount | 14 | |
| 9036749879 | lobbying | efforts to influence an elected official into supporting a specific interest | 15 | |
| 9036749880 | policy | a formal set of general plans and principles that guides problem solving and decision making in specific instances | 16 | |
| 9095020015 | Laws and acted from the 1780s to late 1800s reflected | Amount of land and natural resources in the west was endless | 17 | |
| 9095020016 | Judicial branch | Interprets laws relating to the environment and hearing lawsuit regarding environmental issues | 18 | |
| 9095020017 | When the demand for a product is low, the producer will | Drop Price and supply | 19 | |
| 9095020018 | Environmental policy in the US during the mid to late 1900s | Shifted because Americans found themselves living in dirtier air, dirty water, in more waste and toxic chemicals | 20 | |
| 9095020019 | World trade organization | International organization that regulates international trade, forced EPA to weaken its regulations requiring cleaner gasoline | 21 | |
| 9095193254 | Final step of environmental policy | Guide the solution to law | 22 | |
| 9095193255 | Environmental Protection Agency | Oversees pollution standards, research and anti-pollution actions | 23 | |
| 9095193256 | World bank | Providing interest free credit, low interest loans, or grants to countries for projects that will improve their citizens living standards | 24 | |
| 9095193257 | Laws that make up historical US environmental policy can be divided into how many periods? | Three periods | 25 | |
| 9095193258 | Environmental impact statement | A statement that details the impact a federally funded project will have on the environment. | 26 | |
| 9095193259 | International treaties | agreements between different countries can be used to protect the natural world; EX: Kyoto Protocol and Endangered Species of Wild Fauna and Flora | 27 | |
| 9095193260 | United Nations (UN) | 190 member nations of the following organizations work together to promote peace and help solve economic, social, cultural, and humanitarian problems located in New York City | 28 | |
| 9095193261 | Most major laws in modern US environmental policy were enacted in what time. | 1960s and 1970s | 29 | |
| 9095193262 | Harm to the environment can | Harm an economy | 30 | |
| 9095193263 | trans boundary issue | And environmental problem that occurs across boundaries of two or more countries | 31 | |
| 10988383690 | supply and demand curve |  | 32 | |
| 10989514128 | Ecosystem | economies get their resources and put their waste here. | 33 |
