Environmental Science_Economics

Economics is defined as the social science that deals with The production, distribution, and consumption of goods and services

• True

• False

An economy is defined as the system of exchanges of goods and services worked out by members of society

• True

• False

The rulers make all basic decisions in a Free Market Economy.

• True

• Flase

______________Implements and enforces trade rules and also

         Tries to reduce or eliminate trade barriers (tariffs) and subsidies

• IUCN

• WHO

• WTO

• UNICEF

The market decides In a free-market economy.

• True

• False

The Policy Life Cycle starts with:

• Formulation

• Implementation

• Recognition

• Control

The control stage of a policy life cycle includes high media coverage

• True

• False

Knowledge that can be transferred to others (e.g., libraries, schools, universities, the Internet)

        Useful only if people have access to them

• Human Capital

• Knowledge Assets

• Social Capital

• All of the above

The three elements of intangible capital include all of the following, EXCEPT

• Human Capital

• Social Capital

• Environmental Capital

• Knowledge Assets

What is essential in a Green Economy?

• Waste Reduction

• Recycling Reduction

• Labor Reduction

• Resources Reduction