Botkin- Chapter #27 Guided Viewing 1: What does it mean that a factor is tangible? Intangible?
Tangible The nature of the business is an important tangible factor in choosing a location
Intangible: Factors that affect a decision, but that cannot be expressed in monetary terms.
2: What is “tragedy of the commons”?
-agedy of the commons is tragedy of the commons is the depletion of a shared resource by individuals, acting independently and rationally according to each one's self-interest
3: What is a “commons”?
A "commons" is land or resources belonging to or affecting the whole of a community.
4: Explain how cow herding is an example of “tragedy of the commons”.
Cow herding is an example of “tragedy of the commons” because over grazing causes permanent damage. The herder receives all of the benefits from an additional cow, while the damage to the common is shared by the entire group.
5: What are some examples of the “commons”?
Some Examples of the "commons", are:
Fish
Food
Places
6: How does low growth rate of a resource contribute to its overexploitation?
It contributes to overexploitation because they adopt one-factor resource sustainability policy, and the immediate profit.
7: What is an externality? Give an example.
An externality is the fact of existing outside the perceiving subject. An example is manufacturing activities that cause air pollution.
8: What are public services of nature (ecosystem services)? How much are they worth?
Public services of nature are what had accepted as an economic externality. They're worth between 3 trillion and 33 trillion.
9: Why is it hard to value nature?
It's hard to value nature because now everyone evaluates personal preference.
10: How do we evaluate the acceptability of risk?
We evaluate the acceptability of risk by its benefit or value of the action.
11: What is the U.S. Toxic Substances Control Act?
The U.S. Toxic Substance Control Act is an act that allows the EPA to regulate new commercial chemicals before they enter the market, to regulate existing chemicals.
12: How do we achieve environmental policy?
We achieve environmental policy by market processes and government investments.
13: What are the 3 common methods of control of pollution?
The three common methods of control of pollution are by setting max levels of pollution emission, requiring specific procedures, and charging fees for pollution emission.
Tangible The nature of the business is an important tangible factor in choosing a location
Intangible: Factors that affect a decision, but that cannot be expressed in monetary terms.
2: What is “tragedy of the commons”?
-agedy of the commons is tragedy of the commons is the depletion of a shared resource by individuals, acting independently and rationally according to each one's self-interest
3: What is a “commons”?
A "commons" is land or resources belonging to or affecting the whole of a community.
4: Explain how cow herding is an example of “tragedy of the commons”.
Cow herding is an example of “tragedy of the commons” because over grazing causes permanent damage. The herder receives all of the benefits from an additional cow, while the damage to the common is shared by the entire group.
5: What are some examples of the “commons”?
Some Examples of the "commons", are:
Fish
Food
Places
6: How does low growth rate of a resource contribute to its overexploitation?
It contributes to overexploitation because they adopt one-factor resource sustainability policy, and the immediate profit.
7: What is an externality? Give an example.
An externality is the fact of existing outside the perceiving subject. An example is manufacturing activities that cause air pollution.
8: What are public services of nature (ecosystem services)? How much are they worth?
Public services of nature are what had accepted as an economic externality. They're worth between 3 trillion and 33 trillion.
9: Why is it hard to value nature?
It's hard to value nature because now everyone evaluates personal preference.
10: How do we evaluate the acceptability of risk?
We evaluate the acceptability of risk by its benefit or value of the action.
11: What is the U.S. Toxic Substances Control Act?
The U.S. Toxic Substance Control Act is an act that allows the EPA to regulate new commercial chemicals before they enter the market, to regulate existing chemicals.
12: How do we achieve environmental policy?
We achieve environmental policy by market processes and government investments.
13: What are the 3 common methods of control of pollution?
The three common methods of control of pollution are by setting max levels of pollution emission, requiring specific procedures, and charging fees for pollution emission.