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ENEC 201 MIDTERM REVIEW QUESTIONS WITH CORRECT ANSWERS

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ENEC 201 MIDTERM REVIEW QUESTIONS WITH CORRECT ANSWERS

Institution
ENEC 201
Course
ENEC 201

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The Hazards of Youth


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"'Youth bulges,' combined with economic stagnation and unemployment,
can burden these countries with disproportionately high levels of violence
and unrest."
Young, bored, unemployed, uneducated people are vulnerable to groups
with violent motives




The Triumph of Fantasy over Science


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, Boo Neoclassical Economics
Rational utility maximizers
More consumption is better
Goal: growth; continuously increasing production and consumption
Value determined by prices
Yay Ecological Economics
Consumers sometimes behave irrationally
Consuming enough is preferable to consuming more
Goal: optimal scale
Some things that have value are not priced in markets




Why were Inuits the most contaminated when tested for pollutants?


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They ate at the top of the food chain.




Germany's Economic Engine


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Flexible system
Growth rate has lagged
Comparable to US
Per-capita income, life expectancy, trade, innovation, jobs
Close relationship between German banks and German industry
Consistently increasing global market share




Bureaucratic model


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, Policy is influenced by non-elected bureaucrats.
Relevant at local level
Bureaucrats get power from what they pass




Human population reduction is not a quick fix for environmental problems


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Sustainability requires stabilization of population
Resource demands / living space requirements / ecological damage /
consumption increase with population growth
Only humane way to reduce population: lower fertility rates




Women and Microfinance


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Microfinance: the provision of financial services to the poor in a sustainable
manner -- utilizes credit, savings, and other products such as
microinsurance to help families take advantage of income-generating
activities and better cope with risk
Microfinance
Positively influences women's decision-making power
Enhances socioeconomic status
Contributes to gender equality
Promotes sustainable livelihoods and better working conditions (for
women)




Let There Be Markets

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Institution
ENEC 201
Course
ENEC 201

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