quiz ch 2

The study of how resources are converted into goods and services, and how these goods and services are distributed and used.

The amount of a product offered for sale at a given price

Applies the principles of earths systems to economics

decision makers compare what they will sacrifice and gain by a specific action

The amount of product people will buy at a given price if free to do so

Agrees that economics are unsustainable if resource use is not made more efficient

Values not usually included in the price of goods and services

Occurs when markets, do not consider the environment positive effects on Eco enemies, such as ecosystem services, or when they don’t reflect, the negative affects of economic activity on the environment, or on people, such as external costs

Tell consumers, which brands are made with processes that don’t harm the environment

consists of a formal set of general plans and principles for addressing problem and guiding decision making

consists of general plans and principles that address the interactions between humans and the environment

Requires government agencies, and any business that contracts with them

A government body that sets rules in threatens punishment for violations

A day of giveaway of cash or public resources that is intended to encourage a particular activity or lower the price of a product

emits