Problem
I. Choose the answer that best fills in the blanks: According to critical approaches to political economy, capitalism prioritizes the quantitative value of [...] over the qualitative [...] values that nature provides. Hence, there is a powerful internal drive in capitalism to turn nature into commodities that can be produced and sold for a profit, rather than maintaining ecological systems necessary for human well-being. use; exchange exchange; use production; consumption consumption; production
II. Which of the following is a central ecological contradiction of capitalism? (i) Over-population (ii) Drive for infinite growth on a finite planet (iii) Supply and demand (iv) Cartel monopolization
III. A potential problem with market-based solutions is that some "fugitive" resources ar difficult to assign clearly defined property rights. Which of the following is the best example of a fugitive resource? (i) Migratory fish stock (ii) An old-growth forest (iii) A freshwater pond (iv) Underground coal deposits