Chapter 2 pt.2 Flashcards
Pro-business EPA administrator who was almost appointed by President Reagan to reverse the pro-environmental trend
Ann Gorsuch
Who replaced Ann Gorsuch?
William Ruckleshaus
Who was the first EPA administrator?
William Rucklesshaus
Over past 25 years, more than 170 environmental treaties and conventions have been negotiated list three of them?
◦ Montreal Protocol (1987, ozone)
◦ Kyoto Protocol (2001, greenhouse gases)
◦ Paris Conference (2015,
climate change)
the study of how people use limited resources to satisfy unlimited wants
economics
_________ use models to determine the consequences of ways people, businesses and governments allocate their resources
economics
How is economics ultilitarian?
- it is practical
2. has goods, services with value convertible to currency
Economies depend on ________ _______ in the form of raw materials for production, consumption
natural capital
Economies depend on natural capital in the form of ____ ________ for production, consumption
raw materials
Also depend on the environment for ________ ___ _____ _______
disposal of waste products
occur when suppliers do not pay all the true cost of production
externalities
From an economic standpoint, there is an _______ ______ ___ _________
optimal amount of pollution
This optimal amount of pollution is the _____ to society of having
pollution being offset by the _______ to society of the activity creating the pollution
cost
benefits
In order to determine the optimal amount of pollution, must be able to identify?
- Marginal cost of pollution
2. Marginal cost of pollution abatement
cost of having a small additional amount of pollution
Marginal cost of pollution
cost of reducing a small amount of pollution
Marginal cost of pollution abatement