The changes in a country's economic growth per person is measured by the
per capita GDP
Non-storable (or environmental resources) are characterized by all of that except:
Time and management relevant to supply.
What is a market failure?
Something prevents the market to allocate resources efficiently
What is the meaning of equity?
People own equally all of the society's resources
Nonrenewable resources are those for which there is no process of
sustainability
The annual market value of all goods and services produced by all businesses,
foreign and domestic, operating within a country is called
GDP
------------- is an environmental media:-
all of the above
What is it called when government uses laws and regulations to dictate the
standards and/or technology to reduce pollution?
Command-and-control regulations (CAC)
The three R principle in waste management, stand for:-
Reduce ,Reuse and Recycle
Solar energy is known as:
perpetual resource
Continued extraction of non-renewable resource can be sustainable overtime if
managed properly :
False; nonrenewable resource will eventually deplete
Nations have over fished international water and have depleted many
commercially important fish species. This is a good example of which of the
following?
The Tragedy of the Commons
Which of the following is an example of a public good?
National defense protecting a nation
Which of the following is an example of reuse?
using plastic butter tubes to store leftovers
Who coined the phrase "The Invisible Hand"?
Adam Smith
Which one of the following is not a source of market failure?
Product is both rival and excludable.
Which of the following is a renewable resource?
soil fertility
All of these are branches of environmental economics EXCEPT:-
Regional economics
Pollution includes
all of these
Which of the following answers applies to renewable natural resources?
Renewable resources can be replenished
Which answer below is an example of a positive externality?
Public immunizations
Sustainable development refers to :
maintenance of the productivity of natural, produced, and human assets from
generation to generation
An important environmental objective is to preserve the variety of distinct species
of animals and plants and the variety of ecosystems they inhabit. This is known as:
biodiversity
Why study environmental economics?
Studying environmental economics to bring harmony to the economic
system and the environment.
Using normally renewable resources faster than nature can renew them is called:
degrading natural capital
One can view environmental regulations as a benefit for ….
All answers of firms are correct
What is the primary difference between renewable resources and nonrenewable
resources?
the length of time it takes for them to be replenished
The study of nature in its role as provider of raw materials is called—
natural resource economics
------------ economics is an example of a subdivision of natural resources
all choices are right
In the front figure ( a ) represents :-
All of the above choices
In the front figure (b) represents :-
Intertemporal linkage between production decisions today and production
ability tomorrow
Which of the following enhances soil fertility?
Crop-rotation
Mineral stocks ; fisheries ; and water are examples of ------------ :
natural resources capital
Which good below is a public good?
Military and police
Which of the following is NOT a renewable resource?
Copper ore
Which of the following is not a renewable resource?
Oil
Which of the following answers is a nonrenewable natural resource?
Petroleum
What is environmental economics?
All above answers are correct
Which of the following in not one of the types of property or resource rights?
unusable property
Refer to the figure below. It represents supply and demand for the Black Ash Steel
Company's output. The firm's plant belches large quantities of smelly fumes and
black ash into the air. Residents in the surrounding area have higher medical bills
as a result. If the firm is forced to pay the full social cost of its production, what will
occur?
The company's supply curve will shift from SB to SA.
Repeated irrigation can cause which of the following?
Stalinization
Why study environmental economics?
Studying environmental economics to bring harmony to the economic system
and the environment.
What is the Environment Economics?
All answers above are correct
Which of the following would not be considered a nonrenewable resource?
fresh air
Which of the following answers is non-renewable natural resource?
Petroleum
Natural capital includes all of the following Except:
Solar energy
Common-pool national resources are :-
difficult to exclude access
Salinization is :-
Accumulating of salt in water
More developed countries, including the US, Japan, and most European countries
have ……… % of the world's population and use about ………% of all the world's
resources
20.88
What does a market failure imply?
Wastefulness or economic inefficiency
If everyone on earth consumed at the same current level as the average U.S.
citizens, we would need
five more earths
Use of a natural resources based on sustainable yields applies to
renewable resources
Natural resource economics covers the study of the following EXCEPT.:-
Allocation of resources among different economic sectors
Natural capital includes all of the following except:
solar energy
True or false:
Pollutants are all human-made; they cannot enter the environmental naturally
False
Poverty existence is more likely to have a limited effect on environmental
degradation
False
Setting an air quality is an example of a command – and – control approach to
improving environment
False
Pollution cleanup is usually the best way of dealing with the release of a pollutant
False
An environmental problem that is not addressed can continue to grow until it
reaches an often irreversible tippling point
True
Generally marginal private costs and benefits are equal to social marginal costs and
benefits
False
Potential natural resources include those resources which are discovered and in
use and also those have not yet been discovered, sufficiently explored or whose
use is not economically justified
True
Point sources means that pollutants that come from different, identifiable source
False
Negative externalities are those externalities which sellers impose upon third
parties through their production activity
False
Market failure provides a justification for government intervention/action
True
It is generally impossible to price a unit of public good
True
Depletion of natural resources is a result of the negative impact of human
economic activity on natural resources
True
It is more difficult to develop and administer control policies for point source
pollutants than if it is for nonpoint source pollutants
False
An airplane is a point source of pollution
True
Environmental economics –as an analytical subject- describes only the state of
environment and changes in it
False
Proponents of an environmentally adjusted measure of national income believe
that environmental pollution linked to production should be recorded as a loss in
the system of national accounts (SNA)
True
Soil degradation does not affect the quality of air or water
False
Natural services are functions of nature ,such as purification of air and water ,
which support life and human economics
True
The old lesson that you should "protect your capital and live on the income it
provides" applies to the use of the earth's natural capital as well as financial
resources
True
The harmful environmental effects of poverty are much worse than these of
affluence
False
Continued extraction of nonrenewable can be sustainable overtime if managed
properly
False
The three overarching themes relating to the long-tem sustainability of life on this
planet are solar energy, biodiversity, and energy cycling.
False
Natural services are functions of nature, such as purification of air and water, which
support life and human economics.
True
Take away solar energy and all natural capital would collapse.
True
A drainpipe of a factory that is releasing a pollutant is an example of
nonpoint source of pollution.
False
The Tragedy of the Commons refers to a lack of agricultural resources available for
the common (poor) people in a country.
False
The amount of biologically productive land and water required to
supply the people in country with renewable resources and recycling
.wastes and pollution is the ecological footprint
True
