Ch 2 VOCAB/ECONOMICS - HON ENVIRO

Front

Study of how resources turn into goods/services for distribution and use.

Back

economics

Front

Tax on companies harming the environment

Back

green tax

Front

Comparison of pros and cons of an action

Back

cost-benefit analysis

Front

Amount of a product offered for sale at a price

Back

supply

Front

Efforts to influence an elected official to support a specific interest.

Back

Lobbying

Front

Value not usually included in goods/services price

Back

non-market value

Front

Formal plans for problem-solving and decision-making

Back

policy

Front

Amount of product bought at a given price if free to do so

Back

demand

Front

Market not reflecting full costs and benefits

Back

Market failure

Front

Cash/resource giveaway to encourage activity/lower price

Back

subsidy