Chevron and ExxonMobil are two of the relatively few sellers in the oil- and gas-production industry. Due to the tremendous capital investment required to enter this industry, these companies are insulated significantly from the threat of new competitors and thus have considerable control over their prices. This market situation is referred to as a(n) _______.

Ga-ram works at an institutional bakery and is paid a wage set by the government. He does not like his job but is not allowed other options. Ga-ram must purchase necessities for his family at fixed prices. The country Ga-ram lives in can be described as a _______ economy.

_______ is a loose, subjective measure of how well off an individual or society is in terms of obtaining want-satisfying goods and services.

While local timber shortages were noted throughout New England in the 1870s/1880, by 2015, the area covered by forests throughout New England had rebounded.

Gifford Pinchot…

Distinguish between the “procedural” and “substantive” standards of judicial review in relation to NEPA lawsuits. Provide a brief example of how both elements may be used by the courts to illustrate your answer.

The “original” CEQ regulations were intended to inform federal agencies about what they must do to comply with NEPA and provide consistency across agencies.

What are categorical exclusions and when is their use appropriate? 

Courts did not become involved in NEPA implementation / lawsuits until about 10 years after its passing. 

Please match each of the following Acts with the best description.