Economics and Sustainability Flashcards

Flashcards on Economics and Sustainability

Economics is the science which studies human behaviour as a relationship between ends and __ means which have alternative uses.

The study of the allocation of scarce resources with opportunity costs.

The economy is __.

Part of society and provides the essentials for life.

Sustainability means __.

Meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Planetary Wellbeing is defined as __.

Wellbeing of, in, and for the planet, including the sustainability of ecosystems and the wellbeing of present and future generations.

The __ refers to the limit to carbon dioxide emissions to likely stay within a 2°C warming.

There is a limit to the carbon dioxide emissions for a 50% chance of staying within a 2°C increase.

__ are fossil fuel sources that physically cannot be burned without exceeding the carbon budget.

Fossil fuel sources that cannot be burned without exceeding the carbon budget.

Gross Domestic Product or __ is the 'output' of a country in a year, measured in terms of market value.

The 'output' of a country in a year, measured in terms of market value.

Per-capita GDP, also known as measures .

Measures living standards.

__ believed that in agriculture there was a diminishing average product of labour.

Believed that in agriculture there was a diminishing average product of labour: fertile land is limited so average output per worker will fall if more workers are added.

In economics, technology is __.

A process that takes a set of inputs and creates an output.

Technological progress raised productivity of farms resulting in__.

Shift to manufacturing and services.

Carbon budget __.

Limit to the carbon dioxide emissions for a 50% chance of staying within a 2°C increase

The Netherlands has __.

The most densely concentrated livestock population in Europe.

Unburnable oil/coal/gas: __.

Fossil fuel sources that physically cannot be burned without exceeding the carbon budget.

__ growth refers to charts showing a flat period followed by a sharp increase.

Charts showing a flat period followed by a sharp increase, particularly related to economic growth, population, and climate change.