1. Question : In a perfectly free economy, all buyers and sellers are utility maximizers: Each tries to get as much as possible for as little as possible.
True
False
2. Question : In a monopoly, there is only one seller, but other sellers can enter the market.
True
False
3. Question : Proponents of the Antitrust view argue that prices and profits in highly concentrated industries are higher than they should be. By breaking up large corporations into smaller units, they claim, higher levels of competition will emerge in those industries.
True
False
1. Question : Monopolistic markets and their high prices and profits violate capitalist justice because the seller charges more than the goods are worth. Thus, the prices the buyer must pay are unjust.
True
False
2. Question : Environmental damage inevitably threatens the welfare of human beings as well as plants and animals. Threats to the environment come from two sources: pollution and resource depletion.
True
False
3. Question : We cannot rely on market mechanisms to ensure adequate conservation for future generations, however. The needs of future generations are so heavily discounted by markets that they hardly affect prices at all.
True
False
1. Question : The oil wells are not expected to disrupt the sensitive economic system in the Valley’s Basin
True
False
2. Question : The gas field known as the Pinedale Anticline is expected to stop the energy boom.
True
False
3. Question : Acid rain is caused by:
Global warming
Fossil fuels
Airborne toxins
None of the above
1. Question : Because our environment is so complex and its parts are so interwoven, many theorists believe that our duty to protect the environment extends beyond the welfare of humans to other nonhuman parts of the system. This idea is called:
Ecological ethicsor deep ecology
Conservation ethics
Survival ethics
None of the above
2. Question : The undesirable and unintended contamination of the environment by the manufacture or use of commodities is commonly referred to as:
Resource depletion
Pollution
Degradation
Contamination
3. Question : The release of CFCs into the atmosphere may lead to several hundred thousand new cases of skin cancer each year and destroy many valuable food crops. Also, ocean plankton-on which the entire ocean’s food chain depends-may be severely damaged. This is referred to as:
Resource depletion
Ozone depletion
Environment depletion
Contamination continuance
1. Question : The saving or rationing of natural resources for later use is referred to as:
Evolution
Ecology
Planned deletion
Conservation
2. Question : _____________refers to the consumption of finite or scarce resources.
Resource depletion
Pollution
Degradation
Contamination
3. Question : Acid rain is caused by:
Global warming
Fossil fuels
Airborne toxins
None of the above
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