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- 1. Multiple Choice
The amount of a product offered for sale at a given price is
benefit
cost
demand
supply
- 2. Multiple Choice
When demand for a product is low, the producer will
raise price and drop supply.
raise price and supply.
drop price and raise supply.
drop price and supply.
- 3. Multiple Choice
Ultimately, where do economies get their resources and put their wastes?
factories
cities
households
ecosystems
- 4. Multiple Choice
Some people argue that because Earth’s resources are ultimately limited, nonstop economic growth is
not a problem.
inevitable.
not sustainable.
highly desirable.
- 5. Multiple Choice
Things that we appreciate for beauty, that help define our culture, or that teach us about ourselves are said to have
market failures.
ecolabels.
non-market values.
cost-benefit analyses.
- 6. Multiple Choice
Some resources, such as fossil fuels, are ____________________ and cannot be replaced.
renewable
nonrenewable
- 7. Multiple Choice
____________________ tells consumers which brands are made with processes that do not harm the environment.
nutrition labels
ecolabelling
food labelling
- 8. Multiple Choice
A method called _________________________ in which they compare what they will sacrifice and gain by a specific action.
Internal Costs and Benefits
market failure
cost benefit analysis
- 9. Multiple Choice
What would be transferred along arrow D?
Natural Resources
Wastes
- 10. Multiple Choice
What would be transferred along arrow B?
Natural Resources
Wastes
- 11. Multiple Choice
What would be a good title for this diagram?
Economics in the US
The Relationship Between Ecosystems and Environment
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