This quiz works best with JavaScript enabled. Home > Finance > Economics > Environmental Economics > Environmental Economics – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Environmental Economics Quiz 7 (16 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is true about the Environmental Kuznets Curve? A) It is 'Inverse L' shaped. B) It is 'L' shaped. C) It is 'U' shaped. D) It is 'Inverse U' shaped. Show Answer Correct Answer: D) It is 'Inverse U' shaped. 2. During a school project, Patrick and Jaden are trying to understand the concept of influencing an elected official to support a specific interest. What is this effort called? A) Green tax. B) Lobbying. C) Market failure. D) Non-market value. Show Answer Correct Answer: B) Lobbying. 3. The 2nd period of Environmental Policy dealt mainly with problems associated with ..... A) Illegal National forests. B) Illegal National Parks. C) Illegal parking. D) Westward expansion. Show Answer Correct Answer: D) Westward expansion. 4. In making environmental policies, government interacts with A) Organizations. B) Businesses. C) Citizens. D) All of the above. Show Answer Correct Answer: D) All of the above. 5. What is the total amount of a good or service available for purchase? A) Producer. B) Consumer. C) Demand. D) Supply. Show Answer Correct Answer: D) Supply. 6. A study of how people make decisions about resources by weighing costs and benefits A) Physiology. B) Chemistry. C) Economics. D) Environmenal Science. Show Answer Correct Answer: C) Economics. 7. Under a system of riparian water rights, rights to use water ..... A) Are separate from the ownership of land. B) Are owned by those owning adjacent land. C) Are freely traded in water markets. D) Are allocated according to its most highly-valued uses. E) Are based on who moved to an area first. Show Answer Correct Answer: B) Are owned by those owning adjacent land. 8. In the United States, the strength of environmental policy is constant from state to state. A) True. B) False. Show Answer Correct Answer: B) False. 9. Which of the following are the primary causes of water pollution? A) Animals. B) Plants. C) Human activities. D) None of the above. Show Answer Correct Answer: C) Human activities. 10. Environmental surplus 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: C) Environmental inputs are larger than that environmental pollution. 11. With the cap-and-trade approach to environmental policy, a government body sets rules and threatens punishment for violations. A) False. B) True. Show Answer Correct Answer: A) False. 12. It has been suggested that replacing the GDP with the ..... would take into consideration the environmental and societal issues A) GPI. B) GEE. C) GDB. D) GSI. Show Answer Correct Answer: A) GPI. 13. What major entity of the U.S. government has the chief responsibility for overseeing environmental regulations? A) Supreme Court. B) Environmental Protection Agency. C) National Park Service. D) Environmental Impact Statement. Show Answer Correct Answer: B) Environmental Protection Agency. 14. One way government can motivate industries who are trying to cut pollution is A) Help them ship their factory overseas. B) Have expensive fines for polluting. C) Close down factories that pollute. D) Help them develop new technologies that cut pollution. Show Answer Correct Answer: D) Help them develop new technologies that cut pollution. 15. The pollutant where environment has little or no absorptive capacity to recycle waste is A) Fund pollutants. B) Stock pollutants. C) Global pollutants. D) Local pollutants. Show Answer Correct Answer: B) Stock pollutants. 16. The amount of a product offered for sale at a given price is A) Benefit. B) Cost. C) Demand. D) Supply. Show Answer Correct Answer: D) Supply. ← PreviousRelated QuizzesEconomics QuizzesFinance QuizzesEnvironmental Economics Quiz 1Environmental Economics Quiz 2Environmental Economics Quiz 3Environmental Economics Quiz 4Environmental Economics Quiz 5Environmental Economics Quiz 6 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books