This quiz works best with JavaScript enabled. Home > Economics > Environmental Economics > Environmental Economics – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Environmental Economics Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Changing the GDP to the GPI would take into consideration the ..... of a nation. A) Wealth. B) Peoples' education and healthcare. C) How big a countries military is. D) How much access to resources they have. Show Answer Correct Answer: B) Peoples' education and healthcare. 2. Things that we appreciate for beauty, that help define our culture, or that teach us about ourselves are said to have A) Market failures. B) Ecolabels. C) Non-market values. D) Cost-benefit analysis. Show Answer Correct Answer: C) Non-market values. 3. What is the general increase in prices over time? A) Inflation. B) Deflation. C) Stagflation. D) Hyperinflation. Show Answer Correct Answer: A) Inflation. 4. The book, "Steady State Economics" , is written by which Nobel Laureate Green Economist? A) Barry Fields. B) Herman Daly. C) Emily Greene Balch. D) Simon. Show Answer Correct Answer: B) Herman Daly. 5. Environmental degradation happens when A) Environmental inputs are similar to that environmental pollution. B) Environmental inputs are smaller than that environmental pollution. C) Environmental inputs are larger than that environmental pollution. D) None above. Show Answer Correct Answer: B) Environmental inputs are smaller than that environmental pollution. 6. Is this statement true or false: "The ecological or green economists says that environment is the service provider that enables human society to exist. Human society, in turn, creates the conditions, rules and relationships that support economic activity." A) True. B) False. Show Answer Correct Answer: A) True. 7. Recycling reduces ..... A) Energy usage. B) Air pollution. C) Water pollution. D) All of the above. Show Answer Correct Answer: A) Energy usage. 8. Commonly used risk management strategies are: A) Comparative-risk analysis. B) Risk-benefit analysis. C) Benefit-cost analysis. D) All true. Show Answer Correct Answer: D) All true. 9. Water is a cyclic resource A) True. B) False. Show Answer Correct Answer: A) True. 10. Conner and Val are discussing the cost of a new smartphone. Which of the following is not usually included in the price of the smartphone? A) Policy. B) Non-market value. C) Economics. D) Demand. Show Answer Correct Answer: B) Non-market value. 11. When was the Air Prevention and Control of Pollution Act passed? A) 1982. B) 1985. C) 1981. D) 1982. Show Answer Correct Answer: C) 1981. 12. Failure in environmental management due to? A) There are no property rights. B) Ada property right. C) Property rights belong to the public. D) All true. Show Answer Correct Answer: A) There are no property rights. 13. What do you call someone who makes or provides a good or service for purchase? A) Producer. B) Consumer. C) Demand. D) Supply. Show Answer Correct Answer: A) Producer. 14. The NAFTA Commission on Environmental Cooperation (CEC) ..... A) Places tariffs on corn imports to protect the environment. B) Has ordered a phase-out of environmentally damaging gasoline additives. C) Requires harmonisation of environmental regulations. D) Produces reports on environmental issues but has few enforcement powers. E) Penalises corporations that harm the environment. Show Answer Correct Answer: D) Produces reports on environmental issues but has few enforcement powers. 15. Experimental Economics-Which of the following experiments has the highest level of control? A) Natural field experiment (RCT). B) Artefactual field experiment. C) Framed field experiment. D) Natural experiment. Show Answer Correct Answer: B) Artefactual field experiment. 16. Some economists warn that, even if the population stabilizes, the environmental impact per person is likely to increase. Which is the best explanation for why would that happen? A) The middle class will continue to grow and per person consumption will increase. B) The upper class will increase its consumption to preserve its advantages. C) Historic use of natural resources has created a tipping point that will necessitate higher consumption to maintain current living standards. D) The working class will be essentially excluded from the economy and will be forced into less advanced methods of production. E) Governments will seek to maintain growth by encouraging ecologically risky strategies. Show Answer Correct Answer: A) The middle class will continue to grow and per person consumption will increase. 17. Benefit Evaluation means the environmental quality gets reduced due to pollution, damaging the living beings and also physical assets. Say true or false. A) True. B) False. C) Both. D) None. Show Answer Correct Answer: A) True. 18. Val runs a bakery and she wants to sell her freshly baked bread. What is the amount of bread she offers for sale at a given price? A) Lobbying. B) Non-market value. C) Supply. D) Cost-benefit analysis. Show Answer Correct Answer: C) Supply. 19. Option Use A) Is similar but the concern is that the next and futuregenerations should have the option to make use of the good. B) Might arise when the individual is concerned thatthe good in question should be available to others in the currentgeneration. C) The values have no actual or planned use for himselfor herself or for anyone else. D) People may be willing to pay to maintain a good inexistence in order preserve the option of using it in the future. Show Answer Correct Answer: D) People may be willing to pay to maintain a good inexistence in order preserve the option of using it in the future. 20. We need to develope better laws and regulations to control A) Air, water and land pollution. B) Illegal dumping of waste. C) Large industries. D) Consumer spending. Show Answer Correct Answer: A) Air, water and land pollution. ← PreviousNext →Related QuizzesEconomics QuizzesEnvironmental Economics Quiz 1Environmental Economics Quiz 2Environmental Economics Quiz 3Environmental Economics Quiz 4Environmental Economics Quiz 6Environmental Economics Quiz 7Environmental Economics Quiz 8Environmental Economics Quiz 9Environmental Economics Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books