This quiz works best with JavaScript enabled. Home > Economics > Environmental Economics > Environmental Economics – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Environmental Economics Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. One approach that can be taken to reduce pollution by the government is? A) Sameulson tax. B) Pigouvian tax. C) Abatement tax. D) Pollution tax. Show Answer Correct Answer: B) Pigouvian tax. 2. The main causes of acid rain is ..... A) Industrial burning of coal and other fossil fuels. B) Deforestation. C) Use of fertilizers in cultivation. D) Burning waste. Show Answer Correct Answer: A) Industrial burning of coal and other fossil fuels. 3. Common Pool Resource-Which one of the following policies would not encourage sustainable fishery management? A) Ecolabeling. B) A system of individual transferable quotas. C) Quotas on total fishery catch. D) An increase in bycatch allowances. E) Certification of sustainable fishery products. Show Answer Correct Answer: D) An increase in bycatch allowances. 4. Environment conservation is crucial because A) Government gives much focus on that. B) By this we can love others. C) It gives much media attention. D) Resource extraction methods are harmful to the environment. Show Answer Correct Answer: D) Resource extraction methods are harmful to the environment. 5. Material and energy cannot be created and cannot be destroyed, known as A) First Law of Thermodynamics. B) Second Law of Thermodynamics. C) Third Law of Thermodynamics. D) Fourth Law of Thermodynamics. Show Answer Correct Answer: A) First Law of Thermodynamics. 6. Common Pool Resource-The efficient price of a license fee is determined by the difference between ..... A) Average revenue and marginal cost. B) Total revenue and total cost. C) Total revenue and marginal cost. D) Average revenue and total cost. E) Marginal revenue and marginal cost. Show Answer Correct Answer: A) Average revenue and marginal cost. 7. For which of the following pollutants would a market mechanism be effective? A) Uniformly mixed regional pollutants. B) Non-uniformly mixed local pollutants. C) Non-uniformly mixed regional pollutants. D) Uniformly mixed local pollutants. Show Answer Correct Answer: A) Uniformly mixed regional pollutants. 8. Val and Jonathan are planning to start a small business. They heard that the government sometimes gives away cash or public resources to encourage an activity or lower a product's price. What is this called? A) Supply. B) Policy. C) Subsidy. D) Demand. Show Answer Correct Answer: C) Subsidy. 9. First line of defense to protect the resource is through A) Soil preservation. B) Water protection. C) Waste reduction. D) None. Show Answer Correct Answer: C) Waste reduction. 10. Jonathan and Conner are discussing about a situation where a factory's smoke pollution causes health issues for the nearby residents, but the factory does not bear any cost for these health issues. What is the concept that this situation represents, where a market does not reflect the full costs and benefits of actions? A) Green tax. B) Non-market value. C) Market failure. D) Cost-benefit analysis. Show Answer Correct Answer: C) Market failure. 11. Noise levels at construction sites can be controlled using proper construction planning and scheduling techniques. A) True. B) False. C) Both. D) None. Show Answer Correct Answer: A) True. 12. Which branch of the U.S. government is involved in interpreting environmental laws and hearing lawsuits regarding environmental issues? A) State governors. B) Judicial branch. C) Legislative branch. D) Executive branch. Show Answer Correct Answer: B) Judicial branch. 13. Which of the following does not represent the same curve? A) Private marginal benefit curve. B) Maximum willingness to pay curve. C) Private marginal cost curve. D) Demand curve. Show Answer Correct Answer: C) Private marginal cost curve. 14. When considering noise pollution, why is the marginal external cost (MEC) increasing in output? A) The law of diminishing returns. B) Damage of pollution increases more than proportional. C) Pollution increases more than proportional with output. D) None of above. Show Answer Correct Answer: B) Damage of pollution increases more than proportional. 15. Which of the following problems is most likely to prevent successful implementation of the EU's Greendeal? A) Holdout effect. B) Free market environmentalism. C) Holding effect. D) Free-rider effect. Show Answer Correct Answer: A) Holdout effect. 16. All the things that must be considered about the environment when doing a cost benefit analysis are called A) Internal variables. B) Externalities. C) Consumer preferences. D) Ecosystem benefits. Show Answer Correct Answer: B) Externalities. 17. Tragedy of the Commons is when ecosystems are A) Depleted because no one person owns them or cares for them. B) People share the resource they use in common. C) People band together to share resources. D) People share resources equally. Show Answer Correct Answer: A) Depleted because no one person owns them or cares for them. 18. What are the disadvantages of standard uniforms? A) Resources are wasted if the costs of reducing emissions differ from one another. B) Resources are utilized properly to reduce pollution. C) Pollution is very difficult to overcome. D) There are companies that reduce emissions and there are also those that do not reduce emissions. Show Answer Correct Answer: A) Resources are wasted if the costs of reducing emissions differ from one another. 19. A cost-benefit analysis is a(n) A) Study of the factors that influence that influence decisions of buyers and sellers. B) Economy in which the government decides what is made. C) Equilibrium between a product's supply and its demand. D) Comparison between what is sacrificed and gained by a specific action. Show Answer Correct Answer: D) Comparison between what is sacrificed and gained by a specific action. 20. The relationship between economic activities and the environment is known as science A) Environmental Economics. B) Economic Environment. C) Natural Resource Economics. D) All true. Show Answer Correct Answer: A) Environmental Economics. ← PreviousNext →Related QuizzesEconomics QuizzesEnvironmental Economics Quiz 1Environmental Economics Quiz 2Environmental Economics Quiz 3Environmental Economics Quiz 4Environmental Economics Quiz 5Environmental Economics Quiz 7Environmental Economics Quiz 8Environmental Economics Quiz 9Environmental Economics Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books