Question 1

Which of the following is an example of a communal property system?

Accepted Answer

A)  Cattle grazing on common woodlands and pastures in colonial New England
B)  Maine lobster fishing
C)  Privatization of Native American reservations in the United States
D)  Offshore fisheries in many parts of the world
E)  None of these are examples of a communal property systemF) None of the above
G) C) and D)

Question 2

Natural capital is that which is created by

Accepted Answer

A)  Industrial processes
B)  Human labor
C)  Natural Earth processes
D)  Animal labor
E)  All of these are ways natural capital is createdF) D) and E)
G) B) and D)

Question 3

Many businesses are exploring and adopting the "design for the environment." Which of the following is not associated with this approach?

Accepted Answer

A)  Improving public relations about the business's environmental policies
B)  The products of a process are resources for other processes
C)  Work within the limits of the current incoming amounts of solar energy
D)  Including an emphasis on the maintenance of cultural and biological diversity
E)  All of these are associated with adopting the "design for the environment."F) B) and E)
G) A) and D)

Question 4

-The price/quantity intersection marked "a" in the graph represents a(an)  ________ economy.

Accepted Answer

A)  Developing
B)  Modern
C)  Elastic
D)  Frontier
E)  DevelopedF) None of the above
G) B) and D)

Question 5

Which of the following is considered human capital?

Accepted Answer

A)  Timber
B)  Solar energy
C)  Technology such as hydroelectric power
D)  Buildings in a community
E)  Knowledge of historyF) D) and E)
G) A) and C)

Question 6

-On the supply-demand graph, market equilibrium is marked

Accepted Answer

A)  A
B)  B
C)  C
D)  D
E)  EF) C) and D)
G) A) and D)

Question 7

The price of natural gas doubles.What would happen to the quantity of the natural gas in a market system?

Accepted Answer

A)  The quantity decreases because it is too expensive to produce.
B)  The quantity increases because it is worthwhile to drill into lower quality fields.
C)  The quantity increases because new natural gas is being created.
D)  The quantity decreases because it is too expensive and people do not buy it.
E)  The quantity stays the same because the price of a resource does not change the availability of that resource.F) B) and E)
G) C) and D)

Question 8

In response to criticisms of World Bank policies, the U.S.Congress now insists that all loans for international development be allocated to large projects rather than small ones.

Accepted Answer

A) True 
 B)False

Question 9

The management of a wild area by a group of indigenous people, such as the management of wild rice beds, is an example of

Accepted Answer

A)  Tragedy of the commons
B)  A communal open access system
C)  The "free-rider" system
D)  A communal resource management system
E)  PrivatizationF) A) and E)
G) D) and E)

Question 10

Which of the following is NOT true with respect to natural resource economics?

Accepted Answer

A)  Natural resource economics views ecological processes as factors outside the economic system.
B)  The principles of thermodynamics and coevolution are incorporated into natural resource economics.
C)  Natural resources are seen as abundant in natural resource economics.
D)  Neoclassical economic theory is similar to natural resource economics.
E)  Natural resource economics assigns a monetary value to some natural resources.F) B) and D)
G) B) and C)

Question 11

Contrast the views and philosophies of the economist who believes that substitutes can be found for resources with the ecologist who warns of limits to the amount of resources available.

Accepted Answer

Should include some of the following ans...

Question 12

Things like open space or clean air can be considered a resource because they are

Accepted Answer

A)  Valued by people
B)  Essential for efficient production
C)  Exhaustible
D)  Expensive
E)  Hard to findF) A) and D)
G) A) and B)

Question 13

In economic terms, "demand" is how much of something

Accepted Answer

A)  People want
B)  People need
C)  People will buy at current prices
D)  Is available on the market
E)  People will buy regardless of priceF) C) and E)
G) B) and C)

Question 14

The computer models published in the 1972 Limits to Growth predicted _____ in the next century.

Accepted Answer

A)  Population stability
B)  Population and resource crashes
C)  Growth in both population and resources
D)  An immediate decrease in pollution levels
E)  An increase in industrial outputF) All of the above
G) B) and D)

Question 15

Which of the following indicators is incorrectly matched with the factors it takes into account?

Accepted Answer

A)  Gross National Product - goods and services purchased
B)  Genuine Progress Indicator - the value of unpaid labor and natural resource depletion
C)  Human Development Index - life expectancy and educational attainment
D)  Gross Domestic Product - economic activities within a nation's borders
E)  Gender Development Index - gender and natural resource depletionF) A) and D)
G) C) and D)

Exam 23: Ecological Economics

Which of the following is NOT true with respect to natural resource economics?

Correct Answer
verified

In response to criticisms of World Bank policies, the U.S.Congress now insists that all loans for international development be allocated to large projects rather than small ones.

Correct Answer
verified

Which of the following indicators is incorrectly matched with the factors it takes into account?

Correct Answer
verified

The computer models published in the 1972 Limits to Growth predicted _____ in the next century.

Correct Answer
verified

Contrast the views and philosophies of the economist who believes that substitutes can be found for resources with the ecologist who warns of limits to the amount of resources available.

Correct Answer
verified
Should include some of the following ans...
View Answer

Things like open space or clean air can be considered a resource because they are

Correct Answer
verified

Many businesses are exploring and adopting the "design for the environment." Which of the following is not associated with this approach?

Correct Answer
verified

The management of a wild area by a group of indigenous people, such as the management of wild rice beds, is an example of

Correct Answer
verified

The price of natural gas doubles.What would happen to the quantity of the natural gas in a market system?

Correct Answer
verified

-On the supply-demand graph, market equilibrium is marked

Correct Answer
verified

Which of the following is considered human capital?

Correct Answer
verified

Which of the following is an example of a communal property system?

Correct Answer
verified

Natural capital is that which is created by

Correct Answer
verified

In economic terms, "demand" is how much of something

Correct Answer
verified

-The price/quantity intersection marked "a" in the graph represents a(an) ________ economy.

Correct Answer
verified

Exam 23: Ecological Economics

Which of the following is NOT true with respect to natural resource economics?

Correct AnswerverifiedShow Answer

In response to criticisms of World Bank policies, the U.S.Congress now insists that all loans for international development be allocated to large projects rather than small ones.

Correct AnswerverifiedShow Answer

Which of the following indicators is incorrectly matched with the factors it takes into account?

Correct AnswerverifiedShow Answer

The computer models published in the 1972 Limits to Growth predicted _____ in the next century.

Correct AnswerverifiedShow Answer

Contrast the views and philosophies of the economist who believes that substitutes can be found for resources with the ecologist who warns of limits to the amount of resources available.

Correct AnswerverifiedShould include some of the following ans...View AnswerShow Answer

Things like open space or clean air can be considered a resource because they are

Correct AnswerverifiedShow Answer

Many businesses are exploring and adopting the "design for the environment." Which of the following is not associated with this approach?

Correct AnswerverifiedShow Answer

The management of a wild area by a group of indigenous people, such as the management of wild rice beds, is an example of

Correct AnswerverifiedShow Answer

The price of natural gas doubles.What would happen to the quantity of the natural gas in a market system?

Correct AnswerverifiedShow Answer

-On the supply-demand graph, market equilibrium is marked

Correct AnswerverifiedShow Answer

Which of the following is considered human capital?

Correct AnswerverifiedShow Answer

Which of the following is an example of a communal property system?

Correct AnswerverifiedShow Answer

Natural capital is that which is created by

Correct AnswerverifiedShow Answer

In economic terms, "demand" is how much of something

Correct AnswerverifiedShow Answer

-The price/quantity intersection marked "a" in the graph represents a(an) ________ economy.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
Should include some of the following ans...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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