
Environmental Economics Concepts Assessment
Interactive Video
•
Science, Business
•
9th - 12th Grade
•
Hard

Liam Anderson
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when the price of a product is set below the equilibrium point in a supply-demand graph?
The product becomes obsolete.
The demand for the product decreases.
There is a surplus of the product.
There is a shortage of the product.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key factor that environmental economics considers, which traditional economics often overlooks?
Market trends
Externalities
Technological advancements
Consumer preferences
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which index is proposed as a better alternative to GDP for measuring a nation's wealth?
Sustainable Development Index (SDI)
Environmental Performance Index (EPI)
Human Development Index (HDI)
Genuine Progress Indicator (GPI)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Genuine Progress Indicator (GPI) include that GDP does not?
Environmental and social factors
Only consumer spending
Only technological advancements
Only economic growth
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of assigning value to ecosystem services in environmental economics?
To increase government revenue
To encourage technological innovation
To reduce consumer spending
To ensure they are considered in economic decisions
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the concept of 'cap and trade' primarily used for?
Regulating pollution levels
Increasing production efficiency
Enhancing consumer choice
Boosting economic growth
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the Kuznet’s Curve, what happens to the environment as a country's economy grows?
The environment remains unchanged.
The environment improves immediately.
The environment worsens before it improves.
The environment continuously worsens.
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