Exam 1 Flashcards
Environmental Science
The study of the interactions between the biological, chemical, and physical components of the environment
Sustainability
The ability to carry out an activity indefinitely into the future
Developed Countries
A country with a highly developed economy. Developed countries are typically members of the Organization for Economic Co-operation and Development
Developing Countries
A country that is not a member of the Organization for Economic Co=operation and Development
Sustainable Development
The ability to meet the needs of the present without compromising the ability of future generations to meet their own needs
Renewable Resources
A naturally occurring resource that is replenished on a human timescale
Nonrenewable Resources
A natural material that is available on the planet only in fixed amounts or that cannot be regenerated on a human timescale
Scarcity
The inability to satisfy all human needs or wants
Economics
The social science that studies the decisions that govern the distribution of scarce resources, the incentive structures that influence these decisions, and the societal rules or arrangements that influence the allocation of resources
Microeconomics
The study of how individuals and businesses make decisions and allocate scarce resources
Macroeconomics
The study of the effects of individual and governmental decisions on the function of the national and global economy
Economic System
The collection of all human interactions involving the exchange of goods and services
Market
A place where buyers and sellers willingly come together to exchange goods or services
Natural Resources
Materials or physical/ biological systems that occur in nature and can be used in the production of goods and services
Labor
The time and effort that people apply to the production
Captial
The tools, infrastructure, and other built resources that can be used in the creation of goods and services
Recoverable Reserves
Nonrenewable resource deposits that are measured. legally extractable, and cost effective to produce
Discounting
An economic technique used to estimate the present value of an asset based on the future value determined from standard interest rates
Policy
Principle, rule, or set of guidelines chosen to guide decisions under specific circumstances
Environmental Policy
The principles, rules, and guidelines focused on humans’ relationship with the environment
Decision Process Framework
A formal approach to decision making that provides a specific set of guidelines to obtain and evaluate input from stakeholders
Stakeholders
The people and institutions that may be affected by a decision
Risk
A measure of the probability and severity of some adverse effects on the biological or physical components of the environment
Scientific Method
A process by which scientists construct an accurate and objective representation of natural phenomenon
Hypothesis
A testable explanation of physical phenomena
Scientific Theory
An explanation for an aspect of the natural world that has been extensively tested and supported under a wide range of conditions by a large number of scientists
Observations
A careful measurement of some aspect of the natural world
Experiments
A controlled study involving a deliberate change in some factor in a physical or biological system and the measurement of responses
Statistics
A field of mathematics focused on the analysis and interpretation of data
Model
In environmental science, a conceptual or quantitative representation of a set of processes that occur in nature
Peer Review
The process of examination of scientific work by external expert evaluators
Pseudoscience
Claims that are presented using scientific language but that lack the rigorous testing and evaluation associated with true science
Emergent Property
A response that arises from the behavior of a complex system as a whole rather than from a predictable combination of individual pieces.
Positive Feedback Loop
A cycle that occurs when a part of a system responds to a change in a way that accelerates or amplifies the change
Negative Feedback Loop
A cycle that occurs when a part of a system responds to a change in a way that slows the change
Scientific Uncertainty
The lack of certainty in the outcome of a specific process or set of processes
Probability
A measure of the statistical likelihood that something will occur
Externalities
Actions by producers or consumers that affect others but that are not accounted for in the market price of a good service