Economics and Environmental Policy

2. A system of giving polluters a permit to emit a fraction of the allowed amount of a pollutant; permits can be bought, sold, or traded.
4. A tax imposed on companies that participate in activities or produce products that are harmful to the environment.
6. The result when a market does not reflect the full costs and benefits of actions.
8. The field of economics that says economies can become sustainable if environmental challenges are addressed.
11. A giveaway of cash or public resources to encourage an activity or lower a product’s price.
15. General plans and principles that address the interactions between humans and the environment.
16. An economy where individuals decide what is made, how it is made, and how much is made.

1. A method used to compare what will be sacrificed and gained by a specific action.
2. An economy where the government decides what is made, how it is made, and who gets what.
3. The field of economics that applies the principles of Earth’s systems to economics.
5. The amount of a product people will buy at a given price if free to do so.
7. Labeling products to identify brands that are made with processes that do not harm the environment.
9. A way of implementing policy in which a government body sets rules and threatens punishment for violations.
10. The amount of a product offered for sale at a given price.
12. An economy where both government and individuals play roles in economic decision making.
13. A formal set of general plans and principles for addressing problems and guiding decision making.
14. A value not usually included in the price of a good or service.
17. The study of how resources are converted into goods and services and how these goods and services are distributed and used.