Question 1

In general as supply increases so too does demand.

Accepted Answer

A) True 
 B)False

Question 2

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." 
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."

Question 3

Draw a classic supply/demand curve. Label the x axis, y axis, and market equilibrium.

Accepted Answer

To draw a classic supply/demand curve, s

Question 4

Ecological economics is different from the other economic theories because it recognizes the

Accepted Answer

A)  Scarcity of natural capital 
B)  Recycling of ecological processes and the scarcity of manufactured capital 
C)  Abundance of natural capital 
D)  Fragility of the human economy and the power of ecological systems 
E)  Human economy as one part of a dynamic world system 
A)  Scarcity of natural capital 
B)  Recycling of ecological processes and the scarcity of manufactured capital 
C)  Abundance of natural capital 
D)  Fragility of the human economy and the power of ecological systems 
E)  Human economy as one part of a dynamic world system

Question 5

Which of the following would not be counted as part of the Gross National Product?

Accepted Answer

A)  A new car purchase by a corporation 
B)  Installation of cable television by a company 
C)  Home health care by a family member 
D)  Government purchases 
E)  Dental services for an individual 
A)  A new car purchase by a corporation 
B)  Installation of cable television by a company 
C)  Home health care by a family member 
D)  Government purchases 
E)  Dental services for an individual

Question 6

The General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) agreements are primarily negotiated among the largest industrial nations. This tends to keep less-developed countries in the role of resource supplier to more developed countries.

Accepted Answer

A) True 
 B)False

Question 7

An object's external costs are the

Accepted Answer

A)  price the consumer pays for a product less sales tax. 
B)  price the consumer pays plus sales tax. 
C)  costs borne by groups or individuals other than those using the product. 
D)  actual costs incurred in producing a product. 
A)  price the consumer pays for a product less sales tax. 
B)  price the consumer pays plus sales tax. 
C)  costs borne by groups or individuals other than those using the product. 
D)  actual costs incurred in producing a product.

Question 8

In response to criticisms of Limits to Growth, a computer model was published in Beyond the Limits that

Accepted Answer

A)  Predicted growth in both population and resources in the next century 
B)  Predicted an increase in resources in the next century 
C)  Includes technological progress and pollution abatement 
D)  Includes a lower rate of world population growth 
E)  Predicted a decrease in both population and resources in the next century 
A)  Predicted growth in both population and resources in the next century 
B)  Predicted an increase in resources in the next century 
C)  Includes technological progress and pollution abatement 
D)  Includes a lower rate of world population growth 
E)  Predicted a decrease in both population and resources in the next century

Question 9

Most job layoffs occur as a result of

Accepted Answer

A)  Seasonal work 
B)  Material shortages 
C)  Contract cancellation 
D)  Bankruptcy 
E)  Import competition 
A)  Seasonal work 
B)  Material shortages 
C)  Contract cancellation 
D)  Bankruptcy 
E)  Import competition

Question 10

An example of a market-based incentive for environmental protection would be

Accepted Answer

A)  Rigid laws outlawing pollution production 
B)  Fees placed on certain types or volumes of a pollutant 
C)  Fees charged to inventors of new control technologies 
D)  Setting prices for pollution according to consumer demand 
E)  All of these are examples of market-based incentives for environmental protection 
A)  Rigid laws outlawing pollution production 
B)  Fees placed on certain types or volumes of a pollutant 
C)  Fees charged to inventors of new control technologies 
D)  Setting prices for pollution according to consumer demand 
E)  All of these are examples of market-based incentives for environmental protection

Question 11

What is the name of the process the lending institution is going through in this scenario?

Accepted Answer

A)  Long-term analysis 
B)  Supply-demand analysis 
C)  Tangible-intangible cost analysis 
D)  Benefit-need ratio analysis 
E)  Cost-benefit analysis 
A)  Long-term analysis 
B)  Supply-demand analysis 
C)  Tangible-intangible cost analysis 
D)  Benefit-need ratio analysis 
E)  Cost-benefit analysis

Question 12

The Grameen Bank is a microlender whose business loans assist mainly low-status women.

Accepted Answer

A) True 
 B)False

Question 13

Environmental protection has been proven to __________ the number of available jobs because __________.

Accepted Answer

A)  Decrease; it limits the use of nonrenewable resources (as in the case of the logging industry) 
B)  Increase; labor is usually substituted for natural resources (as in the case of recycling) 
C)  Stabilize; the use of nonrenewable resources is stabilized, and jobs are scarce anyway 
D)  Decrease; it negatively affects economic growth 
E)  Stabilize; it limits the use of nonrenewable resources (as in the case of the logging industry) 
A)  Decrease; it limits the use of nonrenewable resources (as in the case of the logging industry) 
B)  Increase; labor is usually substituted for natural resources (as in the case of recycling) 
C)  Stabilize; the use of nonrenewable resources is stabilized, and jobs are scarce anyway 
D)  Decrease; it negatively affects economic growth 
E)  Stabilize; it limits the use of nonrenewable resources (as in the case of the logging industry)

Question 14

Goals for an efficient economy from an ecological perspective include all of the following except

Accepted Answer

A)  maximizing growth. 
B)  measuring progress by the percent of industries releasing no nasty pollutants. 
C)  measuring productivity by the number of people meaningfully employed. 
D)  valuing biological and cultural diversity. 
A)  maximizing growth. 
B)  measuring progress by the percent of industries releasing no nasty pollutants. 
C)  measuring productivity by the number of people meaningfully employed. 
D)  valuing biological and cultural diversity.

Question 15

Price inelasticity is when _________ while price elasticity is when __________.

Accepted Answer

A)  Prices cannot be negotiated; consumers can negotiate a price 
B)  Consumers can negotiate a price; prices cannot be negotiated 
C)  The supply/demand curve is followed; consumers buy a product regardless of cost 
D)  Consumers buy a product regardless of cost; the supply/demand curve is followed 
E)  Prices change frequently; prices are relatively stable 
A)  Prices cannot be negotiated; consumers can negotiate a price 
B)  Consumers can negotiate a price; prices cannot be negotiated 
C)  The supply/demand curve is followed; consumers buy a product regardless of cost 
D)  Consumers buy a product regardless of cost; the supply/demand curve is followed 
E)  Prices change frequently; prices are relatively stable

Question 16

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 system 
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 system

Question 17

Renewable resources are those that

Accepted Answer

A)  Will not be exhausted 
B)  Will always renew themselves unless we destroy them 
C)  Can be renewed through intensive investments of capital and labor 
D)  Are intangible and renewable 
E)  Are intangible and nonrenewable 
A)  Will not be exhausted 
B)  Will always renew themselves unless we destroy them 
C)  Can be renewed through intensive investments of capital and labor 
D)  Are intangible and renewable 
E)  Are intangible and nonrenewable

Question 18

The graph shows how __________ when economies develop.

Accepted Answer

A)  Quantity increases as prices rise 
B)  Prices fall as quantities increase 
C)  Prices and quantities fall simultaneously 
D)  Quantities and prices increase simultaneously 
E)  Quantities and prices naturally change through time 
A)  Quantity increases as prices rise 
B)  Prices fall as quantities increase 
C)  Prices and quantities fall simultaneously 
D)  Quantities and prices increase simultaneously 
E)  Quantities and prices naturally change through time

Question 19

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 output 
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 output

Question 20

On the supply-demand graph, market equilibrium is marked

Accepted Answer

A)  A 
B)  B 
C)  C 
D)  D 
E)  E 
A)  A 
B)  B 
C)  C 
D)  D 
E)  E

Exam 23: Ecological Economics

In general as supply increases so too does demand.

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

Draw a classic supply/demand curve. Label the x axis, y axis, and market equilibrium.

Ecological economics is different from the other economic theories because it recognizes the

Which of the following would not be counted as part of the Gross National Product?

The General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) agreements are primarily negotiated among the largest industrial nations. This tends to keep less-developed countries in the role of resource supplier to more developed countries.

An object's external costs are the

In response to criticisms of Limits to Growth, a computer model was published in Beyond the Limits that

Most job layoffs occur as a result of

An example of a market-based incentive for environmental protection would be

What is the name of the process the lending institution is going through in this scenario?

The Grameen Bank is a microlender whose business loans assist mainly low-status women.

Environmental protection has been proven to __________ the number of available jobs because __________.

Goals for an efficient economy from an ecological perspective include all of the following except

Price inelasticity is when _________ while price elasticity is when __________.

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

Renewable resources are those that

The graph shows how __________ when economies develop.

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

On the supply-demand graph, market equilibrium is marked

Understanding Our Environment

Principles of Science and Systems

Matter, Energy, and Life

Evolution, Biological Communities, and Species Interactions

Biomes: Global Patterns of Life

Population Biology

Human Populations

Environmental Health and Toxicology

Food and Hunger

Farming: Conventional and Sustainable Practices

Biodiversity: Preserving Species

Biodiversity: Preserving Landscapes

Restoration Ecology

Geology and Earth Resources

Climate Change

Air Pollution

Water Use and Management

Water Pollution

Conventional Energy

Sustainable Energy

Solid, Toxic, and Hazardous Waste

Urbanization and Sustainable Cities

Environmental Policy, Law, and Planning

What Then Shall We Do

Filters

Environmental protection has been proven to the number of available jobs because .

Price inelasticity is when _ while price elasticity is when __.