One Measure of the Biologically Productive Area Needed to Provide

question 61

Multiple Choice

One measure of the biologically productive area needed to provide the resources and absorb the waste of a region or country is its

• A) ecological footprint.
• B) carrying capacity.

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Definitions:

Tradable Emissions Permits

A regulatory system that allows companies to buy or sell allowances for a given amount of emissions, encouraging reduction in total emissions in a cost-effective manner.

Environmental Standards

Regulations and criteria set by authorities regarding the levels of pollutants that can be present in the environment or released over a certain time frame.

Positive External Benefits

Benefits experienced by third parties or the society at large due to an economic activity, which are not reflected in the market price of goods or services.

Government Intervention

The involvement of the government in the market to correct market failures and promote economic stability and growth.