This quiz works best with JavaScript enabled. Home > Finance > Economics > Environmental Economics > Environmental Economics – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Environmental Economics Quiz 5 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. A team of ecologists and economists estimated the yearly ecological services provided by the earth's forests amount to ..... A) $ 4.7 trillion. B) $ 1.3 trillion. C) $ 551 billion. D) $ 259 billion. E) $ 856 billion. Show Answer Correct Answer: A) $ 4.7 trillion. 3. Types of market instruments in reducing pollution, except A) Pollution dissolve. B) Deposit system. C) Pollution charge. D) Subsidies. Show Answer Correct Answer: A) Pollution dissolve. 4. All economies depend on the environment. A) False. B) True. Show Answer Correct Answer: B) True. 5. 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. 6. 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. 7. 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. 8. In environmental economics pollution is an example of a/an A) Externality. B) Expected effect of a factory. C) Environmental situation. D) Normal cost of doing business. Show Answer Correct Answer: A) Externality. 9. Common Pool Resource-The inflection point on a logistic growth curve is the point where ..... A) The stable equilibrium is reached. B) The natural equilibrium is reached. C) Carrying capacity is reached. D) Annual growth rates are maximised. E) The unstable equilibrium is reached. Show Answer Correct Answer: D) Annual growth rates are maximised. 10. 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. 11. 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. 12. 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. 13. 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. 14. Urbanisation is the result of ..... A) Agricultural development. B) Educational development. C) Rural development. D) Migration of population from villages to cities. Show Answer Correct Answer: D) Migration of population from villages to cities. 15. International trade & environment-What theory states that trading partners both benefit from trade through specialisation in the goods each can produce most efficiently? A) Environmental Kuznets Curve. B) Absolute advantage. C) Industrial symbiosis. D) Demographic transition. E) Comparative advantage. Show Answer Correct Answer: E) Comparative advantage. 16. China's rapid industrialization has resulted in A) Widespread air pollution. B) Widespread healthcare. C) Widespread political decrease. D) Widespread panic. Show Answer Correct Answer: A) Widespread air pollution. 17. Global increases in carbon dioxide emissions are primarily due to A) Fossil fuel use. B) Agriculture. C) Global warming. D) Habitat destruction. Show Answer Correct Answer: A) Fossil fuel use. 18. The pollutants cause damage at greater distances. The pollutants is called A) Local pollutants. B) Global pollutants. C) Stock pollutants. D) Fund pollutants. Show Answer Correct Answer: B) Global pollutants. 19. 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-rival. C) Non-exclusive. D) Perfectly elastic. Show Answer Correct Answer: B) Non-rival. 20. Our Gross Domestic Product doesn't take into account A) Overhead costs like transportation or housing. B) Products being consumed. C) Ecosystem services. D) Cost to build new factories. Show Answer Correct Answer: C) Ecosystem services. 21. 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. 22. 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. 23. 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. 24. 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) 15 or more workers. C) 20 or more workers. D) 5o or more workers. Show Answer Correct Answer: A) 10 or more workers. 25. One way for the government to help people choose to pollute less is A) Limit the number of cars one person can own. B) Make gas cheaper. C) Developing fines for people who dont recycle. D) Add monetary incentives for using wind or solar power. Show Answer Correct Answer: D) Add monetary incentives for using wind or solar power. 26. The branch of the government that creates new policy and is composed of the House of representatives and the Senate. A) Legislative branch. B) Judicial branch. C) Executive branch. D) Governmental branch. Show Answer Correct Answer: A) Legislative branch. 27. 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) Cost-benefit analysis. C) Non-market value. D) Market failure. Show Answer Correct Answer: A) Green tax. 28. Increasing the durability of product is otherwise called A) Product life extension. B) Product preservation. C) Product journey. D) Product multiplicity. Show Answer Correct Answer: A) Product life extension. 29. Externality is the result of production and ..... A) Selling. B) Public goods. C) Marketing. D) Consumption of goods. Show Answer Correct Answer: D) Consumption of goods. 30. 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. ← PreviousNext →Related QuizzesEconomics QuizzesFinance QuizzesEnvironmental Economics Quiz 1Environmental Economics Quiz 2Environmental Economics Quiz 3Environmental Economics Quiz 4Environmental Economics Quiz 6Environmental Economics Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books