This quiz works best with JavaScript enabled. Home > Finance > Economics > Environmental Economics > Environmental Economics – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Environmental Economics Quiz 3 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the total amount of payment received from a consumer for a good or service? A) Revenue. B) Profits. C) Costs. D) Deductions. Show Answer Correct Answer: A) Revenue. 2. Developed countries, in the year 2000, pledged to devote 0.7% of their national income toward reducing hunger and poverty and moving toward environmental sustainability. What is the average actual amount donated by these countries? A) 1.5%. B) 0.25%. C) 1.5%. D) 2.0%. E) 0.50%. Show Answer Correct Answer: B) 0.25%. 3. The study of how resources are converted into goods and services and also how these goods are used and distributed. A) Economics. B) Supply. C) Demand. D) Services. Show Answer Correct Answer: A) Economics. 4. Deforestation may reduce the Chances of ..... A) Frequent landslides. B) Erosion of surface soil. C) Rainfall. D) Frequent cyclones. Show Answer Correct Answer: C) Rainfall. 5. In what economic systems do private citizens determine what to produce, how to produce it, and how to market it? A) Traditional Economy. B) Market Economy. C) Command Economy. D) Mixed Economy. Show Answer Correct Answer: B) Market Economy. 6. Subsidies and tax breaks for environmentally harmful businesses cost the world's taxpayers what amount per year? A) $ 150 billion. B) $ 500 million. C) $ 2 trillion. D) $ 1 billion. E) $ 200 billion. Show Answer Correct Answer: C) $ 2 trillion. 7. State and local environment regulations ..... A) Are often more strict than federal standards. B) Do not have to follow federal standards. C) Simply enforce federal standards. D) Cannot be influenced by indviduals. Show Answer Correct Answer: A) Are often more strict than federal standards. 8. Common Pool Resource-What is the typical relationship between the economic optimum (E*), maximum sustainedyield (EMSY), and the open-access equilibrium (EO)? A) EO is higher than E* but lower than EMSY. B) EO is lower than both E* and EMSY. C) EO is higher than both E* and EMSY. D) EO is lower than E* but higher than EMSY. E) E* is higher than EMSY but lower than EO. Show Answer Correct Answer: C) EO is higher than both E* and EMSY. 9. Residues from production and consumption activities are impossible to avoid but can be done A) Reduce. B) Reuse. C) Recycle. D) All true. Show Answer Correct Answer: D) All true. 10. What is a direct cost of driving a domestic car? A) Non-renewable resource use. B) Cost to manufacture. C) Release of greenhouse gases. D) Disturbing land. E) Air and water pollution. Show Answer Correct Answer: B) Cost to manufacture. 11. Jonathan, Val, Conner, Jaden, and Logan are members of their school's student council. They need to create 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. Environmentally beneficial effects of liberalised trade can include all of the following except: A) Reduced emissions from transportation. B) Reduced materials and energy use per unit of output. C) Spread of environmentally-friendly technology. D) Removal of distortionary subsidies. E) Development of more efficient power plants. Show Answer Correct Answer: A) Reduced emissions from transportation. 13. An example of an externality would be A) Amount of water used by the factory. B) Pay for the workers of a business. C) Where to locate a new factory. D) Costs to build a building or new factory. Show Answer Correct Answer: A) Amount of water used by the factory. 14. ETS-Which of the following is not the benefits of auctioning emission allowances? A) Reward early action. B) Reduce carbon leakage. C) Reveal true carbon price. D) Reduce windfall profits. Show Answer Correct Answer: B) Reduce carbon leakage. 15. ETS-Which of the following measures doesn't stabilise the EUA price? A) Canceling surplus emission allowance in the reserve. B) Tightening emission cap. C) Increasing the share of auctioning emission allowances. D) Subsidising the demonstration of innovative clean technologies. Show Answer Correct Answer: D) Subsidising the demonstration of innovative clean technologies. 16. Increased levels of air pollution results in ..... A) Soil erosion. B) Global warming. C) Respiratory problems. D) All of the above. Show Answer Correct Answer: C) Respiratory problems. 17. Making the shift to more sustainable economies will require governments, schools, and industries to ..... A) Greatly decrease spending on research and development. B) Decrease spending on scientific and engineering education. C) Give all students a basic economic education. D) Include neoclassical economic concepts in educational curricula. E) Develop business schools that include sustainable business planning. Show Answer Correct Answer: E) Develop business schools that include sustainable business planning. 18. 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. 19. Things that we appreciate for beauty, that help define our culture, or that teach us about ourselves are said to have A) Ecolabels. B) Non-market values. C) Cost-benefit analysis. D) Market failures. Show Answer Correct Answer: B) Non-market values. 20. What is the general increase in prices over time? A) Deflation. B) Hyperinflation. C) Inflation. D) Stagflation. Show Answer Correct Answer: C) Inflation. 21. The book, "Steady State Economics" , is written by which Nobel Laureate Green Economist? A) Emily Greene Balch. B) Herman Daly. C) Barry Fields. D) Simon. Show Answer Correct Answer: B) Herman Daly. 22. 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. 23. 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. 24. Recycling reduces ..... A) Energy usage. B) Air pollution. C) Water pollution. D) All of the above. Show Answer Correct Answer: A) Energy usage. 25. 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. 26. Water is a cyclic resource A) True. B) False. Show Answer Correct Answer: A) True. 27. 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. 28. When was the Air Prevention and Control of Pollution Act passed? A) 1985. B) 1981. C) 1982. D) 1982. Show Answer Correct Answer: B) 1981. 29. 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. 30. 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. ← PreviousNext →Related QuizzesEconomics QuizzesFinance QuizzesEnvironmental Economics Quiz 1Environmental Economics Quiz 2Environmental Economics Quiz 4Environmental Economics Quiz 5Environmental Economics Quiz 6Environmental Economics Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books