This quiz works best with JavaScript enabled. Home > Economics > Environmental Economics > Environmental Economics – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Environmental Economics Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What needs to be done first before proposing a solution to an environmental problem? A) Help a solution become a law. B) Gain access to policymakers. C) Get organized to take action. D) Identify the specific causes of the problem. Show Answer Correct Answer: D) Identify the specific causes of the problem. 2. When demand for a product is low, the producer will A) Raise price and drop supply. B) Raise price and supply. C) Drop price and raise supply. D) Drop price and supply. Show Answer Correct Answer: D) Drop price and supply. 3. CV is a method A) Of recovering information about men willingness to payfrom direct question. B) Of recovering information about women willingness to payfrom direct question. C) Of recovering information about preferences or willingness to payfrom direct question. D) Of recovering information about swimmers willingness to payfrom direct question. Show Answer Correct Answer: C) Of recovering information about preferences or willingness to payfrom direct question. 4. What is an activity that has a negative impact on society and the environment called? A) Negative externality. B) Positive externality. C) No externality. D) All true. Show Answer Correct Answer: A) Negative externality. 5. Which one of the following policies would not reduce water use? A) Reusing wastewater for industrial uses. B) Removing water subsidies. C) Full marginal-cost pricing. D) Subsidising irrigation systems. E) Micro-irrigation technology. Show Answer Correct Answer: D) Subsidising irrigation systems. 6. When considering noise pollution, why is the marginal propensity to consume (MPC) increasing in output? A) Economies of scale. B) The law of diminishing returns. C) It is the supply curve. D) None of above. Show Answer Correct Answer: B) The law of diminishing returns. 7. Ultimately, where do economies get their resources and put their wastes? A) Factories. B) Cities. C) Households. D) Ecosystems. Show Answer Correct Answer: D) Ecosystems. 8. Global Climate Change-Which one of the following statements regarding carbon taxes is false? A) Carbon taxes would not set the exact level of carbon emissions. B) Carbon taxes would increase coal prices more than other fossil fuel prices. C) Carbon taxes would reduce negative environmental externalities. D) A revenue-neutral carbon tax implies an increase in income and other taxes. Show Answer Correct Answer: D) A revenue-neutral carbon tax implies an increase in income and other taxes. 9. Which one doesn't belong Ecosystem Services A) Provisioningservices. B) Supportingservices. C) Culturalservices. D) Shoping sevices. Show Answer Correct Answer: D) Shoping sevices. 10. Logan and Jaden are discussing the consequences of a factory polluting a nearby river. They are trying to understand the situation when a market does not reflect the full costs and benefits of actions. What is this called? A) Green tax. B) Non-market value. C) Market failure. D) Cost-benefit analysis. Show Answer Correct Answer: C) Market failure. 11. The first factories Act was enacted in ..... A) 1881. B) 1895. C) 1897. D) 1885. Show Answer Correct Answer: D) 1885. 12. This environmental problem easily arises because A) Public property. B) Its use cannot be prohibited. C) Ada free rider. D) All true. Show Answer Correct Answer: D) All true. 13. Use Values A) Are related to actual use of the good or planned use orpossible use. B) People may be willing to pay to maintain a good inexistence in order preserve the option of using it in the future. C) The values have no actual or planned use for himselfor herself or for anyone else. D) Might arise when the individual is concerned thatthe good in question should be available to others in the currentgeneration. Show Answer Correct Answer: A) Are related to actual use of the good or planned use orpossible use. 14. Double-bounded dichotomous choice CV is? A) "Taking into account the expenses of your neighbor are willing to pay Rubles for each visit to preserve this beach?. B) "Taking into account the expenses of your family are willing to pay Rubles for each visit to preserve this beach?. C) "Taking into account the expenses of your colleagues are willing to pay Rubles for each visit to preserve this beach?. D) None of them. Show Answer Correct Answer: B) "Taking into account the expenses of your family are willing to pay Rubles for each visit to preserve this beach?. 15. Use Values are A) Actual Use and Option Use. B) Bequest use and Option Use. C) Actual Use and Alturism Values. D) Existence Use and Bequest Value. Show Answer Correct Answer: A) Actual Use and Option Use. 16. Which economic characteristic of climate change is not correct? A) The private costs of greenhouse gas emissions generally exceed the societal costs of these emissions. B) Greenhouse gas emissions have intergenerational welfare consequences. C) Greenhouse gas emissions affect a public good which is the atmosphere. D) Climate change is a global externality in terms of both causes and effects. Show Answer Correct Answer: A) The private costs of greenhouse gas emissions generally exceed the societal costs of these emissions. 17. ETS-Which of the following factors doesn't contribute to the low and volatile prices for EUAs in the first two trading periods (phase I & II)? A) Large innovation and adoption of clean technologies leads to lower demand for EUAs. B) The emission cap was set well in advance and was inflexible to demand changes in the market. C) Companies under the EU ETS have used a large amount of offsets. D) The economic crisis started in 2008. Show Answer Correct Answer: A) Large innovation and adoption of clean technologies leads to lower demand for EUAs. 18. What is the first step in the environmental policy process? A) Guide the solution to law. B) Identify the problem. C) Get organized. D) Gain access to policy makers. Show Answer Correct Answer: B) Identify the problem. 19. Which pollution cause hearing loss in organisms? A) Air pollution. B) Noise pollution. C) Water pollution. D) Soil pollution. Show Answer Correct Answer: B) Noise pollution. 20. Sustainable use of natural resources A) Preservation. B) Protection. C) Conservation. D) Destruction. Show Answer Correct Answer: C) Conservation. ← PreviousNext →Related QuizzesEconomics QuizzesEnvironmental Economics Quiz 1Environmental Economics Quiz 2Environmental Economics Quiz 4Environmental Economics Quiz 5Environmental Economics Quiz 6Environmental Economics Quiz 7Environmental Economics Quiz 8Environmental Economics Quiz 9Environmental Economics Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books