This quiz works best with JavaScript enabled. Home > Economics > Environmental Economics > Environmental Economics – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Environmental Economics Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The conventional/ neo-classical view is widely referred to as the 'triple bottom line', meaning that there are three pillars of sustainability. What are these? A) People, Profits and Planet. B) Society, Economy, Environment. C) Both of these. D) None of these. Show Answer Correct Answer: C) Both of these. 2. The Great Morass Wetland in St. Thomas has suddenly disappeared. As a result, the National Environmental Planning Agency has decided to put in place a wastewater treatment plant. Which of the following valuation methods applies to this scenario? A) Replacement cost method. B) Damage cost avoided method. C) Mitigation cost method. D) Travel cost method. Show Answer Correct Answer: A) Replacement cost method. 3. ETS-Which allocation method for emission allowances has a fairness concern? A) Output based allocation. B) Benchmark. C) Auctioning. D) Grandparenting. Show Answer Correct Answer: D) Grandparenting. 4. What do you call the tools and equipment needed to create a good or service? A) Capital Resources. B) Human Resources. C) Land Resources. D) Entrepreneurial Ability. Show Answer Correct Answer: A) Capital Resources. 5. Which one of the following is an example of demand-side water management? A) Expanded development of groundwater aquifers. B) Building small dams. C) Building large dams. D) Desalination. E) Increasing water prices. Show Answer Correct Answer: E) Increasing water prices. 6. A team of ecologists and economists estimated the yearly ecological services provided by the earth's forests amount to ..... A) $ 259 billion. B) $ 551 billion. C) $ 856 billion. D) $ 1.3 trillion. E) $ 4.7 trillion. Show Answer Correct Answer: E) $ 4.7 trillion. 7. Types of market instruments in reducing pollution, except A) Pollution charge. B) Subsidies. C) Deposit system. D) Pollution dissolve. Show Answer Correct Answer: D) Pollution dissolve. 8. All economies depend on the environment. A) True. B) False. Show Answer Correct Answer: A) True. 9. Which statement about the relationship between economics and the environment is true? A) Internal and external environmental costs are usually considered equally. B) Long-term effects often receive more weight than short-term effects. C) Harm to the environment can harm economies. D) The relationship usually receives serious consideration. Show Answer Correct Answer: C) Harm to the environment can harm economies. 10. Which of the following pollution control policy instruments are marked based? A) Pollution taxes and tradable pollution permits. B) Technology-based regulations and emission standards. C) Pollution taxes and emission standards. D) Emission standards and tradable pollution permits. Show Answer Correct Answer: A) Pollution taxes and tradable pollution permits. 11. In a school project, Val and Baffour are tasked with creating a formal set of plans for addressing problems and guiding decision making. What is this called? A) Supply. B) Policy. C) Economics. D) Demand. Show Answer Correct Answer: B) Policy. 12. In environmental economics pollution is an example of a/an A) Normal cost of doing business. B) Externality. C) Environmental situation. D) Expected effect of a factory. Show Answer Correct Answer: B) Externality. 13. Common Pool Resource-The inflection point on a logistic growth curve is the point where ..... A) Carrying capacity is reached. B) The stable equilibrium is reached. C) The unstable equilibrium is reached. D) Annual growth rates are maximised. E) The natural equilibrium is reached. Show Answer Correct Answer: D) Annual growth rates are maximised. 14. The decision to produce goods and services that can produce maximum profits with existing natural resources is called? A) Technical efficiency. B) Input efficiency. C) Input output efficiency. D) All true. Show Answer Correct Answer: A) Technical efficiency. 15. Global Climate Change-In a "business as usual" scenario through 2040 ..... A) Both industrialised and developing nations' emissions will decline. B) Industrialised and developing countries' carbon emissions will increase at about the same rate. C) Industrialised countries will have the greatest carbon emissions increases. D) Industrialised countries will continue to have higher total carbon emissions than developing nations. E) Developing nations will have the greatest carbon emissions increases. Show Answer Correct Answer: E) Developing nations will have the greatest carbon emissions increases. 16. What quantity ought to be produced? A) The way markets normally function. B) The notion of efficiency. C) The more resources we will have to devote to its production. D) None of above. Show Answer Correct Answer: B) The notion of efficiency. 17. Which of the following statements is correct about a shift of the demand curve for gasoline? A) A decrease in the price of public transportation shift the demand curve to the right. B) A decrease in income shifts the demand curve to the left. C) An increase in the price for gasoline shifts the demand curve to the right. D) A decrease in the price of gasoline shift the demand curve to the right. Show Answer Correct Answer: B) A decrease in income shifts the demand curve to the left. 18. Urbanisation is the result of ..... A) Educational development. B) Rural development. C) Migration of population from villages to cities. D) Agricultural development. Show Answer Correct Answer: C) Migration of population from villages to cities. 19. International trade & environment-What theory states that trading partners both benefit from trade through specialisation in the goods each can produce most efficiently? A) Demographic transition. B) Absolute advantage. C) Industrial symbiosis. D) Environmental Kuznets Curve. E) Comparative advantage. Show Answer Correct Answer: E) Comparative advantage. 20. China's rapid industrialization has resulted in A) Widespread air pollution. B) Widespread political decrease. C) Widespread panic. D) Widespread healthcare. Show Answer Correct Answer: A) Widespread air pollution. ← PreviousNext →Related QuizzesEconomics QuizzesEnvironmental Economics Quiz 1Environmental Economics Quiz 2Environmental Economics Quiz 3Environmental Economics Quiz 4Environmental Economics Quiz 5Environmental Economics Quiz 6Environmental Economics Quiz 8Environmental Economics Quiz 9Environmental Economics Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books