Lesson 67 - unit 14 Flashcards
What groups have been the main adversaries in the debate over environmental policy?
Environmentalists and conservationists and business interests.
What is the basic economic question about the environment?
Can the U.S. have a healthy economy and a healthy environment?
What is the basic economic question about the environment?
Can the U.S. have a healthy economy and a healthy environment?
What are 4 economic issues important to the debate about the environment?
- most choices are marginal decisions
- all choices have a cost
- environmental protection is a kind of public good
- economic activity and growth require energy and result in waste
What are 2 common approaches to dealing with environmental issues?
Regulations and taxes.
What is the cap-and-trade policy?
When a company reduces emissions, it can sell or trade permits. Lower cap = less numerous, more valuable, more expensive permits.
What difficulties does the U.S. have in dealing with environmental issues in the world economy?
Regulations increase production costs and put the U.S. at an economic disadvantage resulting in loss of jobs.
How should Christians see the environment?
As God’s handiwork.
According to James Buckley, what is the challenge that mankind faces with regard to the environment and economy?
To develop more effective techniques for bringing people’s activities into equilibrium with nature.
What strategy dos Buckley advocate to achieve environmental goals?
Economic incentives.
