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39 Cards in this Set
- Front
- Back
Watershed |
All land from which water drains into a river. |
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Economics |
study of how people decide to use resources. |
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Economy |
a social system. |
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Goods |
material commodities. |
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Services |
Work done for others. |
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Subsistence Economy |
social system that only meets basic needs. |
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Capitalist Market Economy |
interaction between buyers and sellers determine what goods and services are produced. |
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Centrally Planned Economies |
The Government determines how to allocate resources. |
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Mixed Economies |
Hybrid system using both Central planned and Capitalist. |
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Ecosystem Services |
Process of purifying air, water, soil. |
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Adam Smith |
Scottish Economic Philosopher, Founder of classic economics. |
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Neoclassical economics |
Explains market prices in terms of consumer preferences. |
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Cost Benefit analysis |
total cost of proposed action compared to the sum of the benefits. |
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External costs |
Costs that affect people other than buyer or seller. |
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Steady State Economies |
Economies that do not grow or shrink. |
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Greenwashing |
making something look as if it is good for the environment. |
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Policy |
Formal set of general plans |
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Public Policy |
rules made by Government for all people. |
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Environmental Policy |
Rules that involve human interactions with the great outdoors. |
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legislation |
a law |
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Regulations |
specific rules aimed at something |
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National Environmental Policy Act -NEPA |
Law created by President Nixon in 1970 |
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Environmental Impact Statement -EIS |
Report of studies conducted to assess impacts. |
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Environmental Protection Agency - EPA |
Group that oversees water, air and solid waste policy. |
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Customary law |
Long standing practices |
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conventional law |
law that comes from a treat. |
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North American Trade Agreement -NAFTA |
US and mexico trade agreement on the border. |
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United Nations -UN |
Founded 1945 seeks to keep peace in all the earth |
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World Bank |
Founded 1944 is the largest source of funding for economical development. |
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European Union - EU |
Seeks to promote Europe's unity and environmental protection |
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World Trade Organization -WTO |
Based in Geneva, Switzerland it promotes free trade. |
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non-governmental organizations -NGO's |
Different large groups that focus on conservation objectives |
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Command and control |
laws using probihitions or limits |
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green taxes |
Reimbursement that was needed due to damage caused. |
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polluter pays principle |
party that pollutes is responsible to pay all its impacts. |
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permit Trading |
government create a market for environmentally harmful activities. Allowing company to buy and sell and trade this permits. |
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Emissions Trading |
allows companies to emit some harmful gases |
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Cap-and-trade |
Set amount and then sell permits to companies to allow fractions of pollution till the cap is met. |
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ecolabeling |
when label tells how much was grown, harvested etc. |