This quiz works best with JavaScript enabled. Home > Economics > Environmental Economics > Environmental Economics – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Environmental Economics Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Global increases in carbon dioxide emissions are primarily due to A) Global warming. B) Agriculture. C) Habitat destruction. D) Fossil fuel use. Show Answer Correct Answer: D) Fossil fuel use. 2. The pollutants cause damage at greater distances. The pollutants is called A) Local pollutants. B) Fund pollutants. C) Stock pollutants. D) Global pollutants. Show Answer Correct Answer: D) Global pollutants. 3. Common Pool Resource-A characteristic of public goods is that use of the good by one person does not reduce its availability to others. The term for this characteristic is ..... A) Transferable. B) Non-exclusive. C) Non-rival. D) Perfectly elastic. Show Answer Correct Answer: C) Non-rival. 4. Our Gross Domestic Product doesn't take into account A) Overhead costs like transportation or housing. B) Cost to build new factories. C) Ecosystem services. D) Products being consumed. Show Answer Correct Answer: C) Ecosystem services. 5. A revealed preference approach focuses on preferences through choices made by economic agents. The valuation techniques associated with this approach are the: A) Travel cost and hedonic pricing methods. B) Preference replacement and damage assessment methods. C) Restoration and travel cost methods. D) Hedonic pricing and preference replacement methods. Show Answer Correct Answer: A) Travel cost and hedonic pricing methods. 6. Sometimes, a company that generates pollution will pay extra taxes, based on the amount of pollution it produces. These are known as A) Green taxes. B) Command and control taxes. C) Subsidy taxes. D) Cap and trade taxes. Show Answer Correct Answer: A) Green taxes. 7. What statement about cap-and-trade systems is true? A) It prohibits companies from emitting any pollution. B) It consistently reduces pollution in all areas. C) It issues permits that allow companies to emit a percentage of the overall amount of a given pollutant. D) It always leads to positive environmental results. Show Answer Correct Answer: C) It issues permits that allow companies to emit a percentage of the overall amount of a given pollutant. 8. A premises including precincts thereof is a 'factory' within the meaning of the factories Act 1948 where in a manufacturing process is being carried on without the aid of power and where the number of workers working is ..... A) 10 or more workers. B) 20 or more workers. C) 15 or more workers. D) 5o or more workers. Show Answer Correct Answer: A) 10 or more workers. 9. One way for the government to help people choose to pollute less is A) Developing fines for people who dont recycle. B) Add monetary incentives for using wind or solar power. C) Limit the number of cars one person can own. D) Make gas cheaper. Show Answer Correct Answer: B) Add monetary incentives for using wind or solar power. 10. The branch of the government that creates new policy and is composed of the House of representatives and the Senate. A) Legislative branch. B) Executive branch. C) Judicial branch. D) Governmental branch. Show Answer Correct Answer: A) Legislative branch. 11. Conner and Patrick run a factory that produces plastic goods. The government imposes a certain tax on their factory because it harms the environment. What is this tax called? A) Green tax. B) Non-market value. C) Market failure. D) Cost-benefit analysis. Show Answer Correct Answer: A) Green tax. 12. Increasing the durability of product is otherwise called A) Product multiplicity. B) Product life extension. C) Product journey. D) Product preservation. Show Answer Correct Answer: B) Product life extension. 13. Externality is the result of production and ..... A) Selling. B) Consumption of goods. C) Marketing. D) Public goods. Show Answer Correct Answer: B) Consumption of goods. 14. Which statement about environmental policy in the United States is true? A) All three branches of government are involved in environmental policy. B) The environmental policies have always been successful. C) All important environmental policies are created at the federal level. D) Environmental policy is based only on scientific information. Show Answer Correct Answer: A) All three branches of government are involved in environmental policy. 15. Economics factors should be considered when A) Reducing the number of oil spills. B) Increasing the amount of waste in logging. C) Making any environmental decisions. D) None of these are correct. E) All choices are correct. Show Answer Correct Answer: C) Making any environmental decisions. 16. A power company is given free land by the government to reduce the cost of providing wind-generated electricity to rural residents. This is an example of a A) Command and control approach. B) Cap and trade system. C) Subsidy. D) Green tax. Show Answer Correct Answer: C) Subsidy. 17. Climate Economics-Which statement about the discount rate in studies about the economic costs of climate change is not correct? A) Estimates of the social costs of carbon are sensitive to the assumed discount rate value. B) Using a higher discount rate results in a higher value of the social costs of carbon. C) That future costs matter less if society is richer in the future is one of the motivations for discounting. D) Individual impatience is one of the motivations for discounting. Show Answer Correct Answer: B) Using a higher discount rate results in a higher value of the social costs of carbon. 18. This solution sets legal limit on the amount of the pollutant allowed to emit A) Cap-and-trade system. B) Emission standards. C) Emissions Charges. D) None above. Show Answer Correct Answer: B) Emission standards. 19. The curve that shows that until a country is wealthy it won't address environmental problems is called A) Cruisenets. B) Kuznets. C) Wealth Curve. D) Monetary Curve. Show Answer Correct Answer: B) Kuznets. 20. There are several risk analysis models, except A) Hazard identification. B) Dose-response analysis. C) Risk exposure. D) Exposure analysis. Show Answer Correct Answer: C) Risk exposure. ← PreviousNext →Related QuizzesEconomics QuizzesEnvironmental Economics Quiz 1Environmental Economics Quiz 2Environmental Economics Quiz 3Environmental Economics Quiz 4Environmental Economics Quiz 5Environmental Economics Quiz 6Environmental Economics Quiz 7Environmental Economics Quiz 9Environmental Economics Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books