Question 1

Countries normally take taking into consideration to the resource flow of their trading
 partners.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following statements is most accurate?

Accepted Answer

A)  For many developing countries, genuine savings are found to be negative. 
B)  For many 'resource dependent countries,' the adjusted net genuine savings and
Their gross domestic savings are usually both negative. 
C)  For developing countries, the adjustment for resource depletion would have a
Positive impact on their genuine savings. 
D)  Resource dependent countries with a persistent positive net genuine savings rates
Suggests that their use of natural capital is unsustainable. 
E)  Genuine savings is negatively influenced by expenditures on human capital. 
A)  For many developing countries, genuine savings are found to be negative. 
B)  For many 'resource dependent countries,' the adjusted net genuine savings and
Their gross domestic savings are usually both negative. 
C)  For developing countries, the adjustment for resource depletion would have a
Positive impact on their genuine savings. 
D)  Resource dependent countries with a persistent positive net genuine savings rates
Suggests that their use of natural capital is unsustainable. 
E)  Genuine savings is negatively influenced by expenditures on human capital. A

Question 3

Under the notion of weak sustainability, if resource depletion is not expected to impair
 the future productive capacity of a nation, manufactured and natural capital are assumed
 to be close substitutes.

Accepted Answer

A) True 
 B)False  True

Question 4

Through trade, rich countries are able to transfer of environmental and resource wealth
 from poor countries to themselves.

Accepted Answer

A) True 
 B)False

Question 5

In order to maintain a sustained level of consumption, an economy requires the allowance
 for depreciation of human-made capital and resource depletion to be reinvested in the
 economy.

Accepted Answer

A) True 
 B)False

Question 6

Which one of the following is the best example of critical natural capital?

Accepted Answer

A)  Ozone layer. 
B)  Wetlands. 
C)  Farmland. 
D)  A forest. 
E)  All of the above. 
A)  Ozone layer. 
B)  Wetlands. 
C)  Farmland. 
D)  A forest. 
E)  All of the above.

Question 7

Gross Domestic Product (GDP), the most widely used indicator of macroeconomic
 activities explicitly includes natural resources and the environment.

Accepted Answer

A) True 
 B)False

Question 8

It is important to provide allowances for the depreciation of capital assets in order to
 safeguard an economy's wealth.

Accepted Answer

A) True 
 B)False

Question 9

Which of the follow is an indicator of sustainable income?

Accepted Answer

A)  Gross domestic Product. 
B)  Net domestic Product. 
C)  Index of Sustainable Economic Welfare. 
D)  System of National Accounts. 
E)  Ecological Footprint. 
A)  Gross domestic Product. 
B)  Net domestic Product. 
C)  Index of Sustainable Economic Welfare. 
D)  System of National Accounts. 
E)  Ecological Footprint.

Question 10

Trade is always cognizant of environmental sustainability.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is a capital stock?

Accepted Answer

A)  Farmland. 
B)  Aquifers. 
C)  Diamond mines. 
D)  None of the above. 
E)  All of the above. 
A)  Farmland. 
B)  Aquifers. 
C)  Diamond mines. 
D)  None of the above. 
E)  All of the above.

Question 12

Which of the following assets will have no valuation problem when one needs to account for capital depreciation?

Accepted Answer

A)  Farm tractors. 
B)  Oil refineries. 
C)  Farmland. 
D)  Natural gas pipelines. 
E)  Railways. 
A)  Farm tractors. 
B)  Oil refineries. 
C)  Farmland. 
D)  Natural gas pipelines. 
E)  Railways.

Question 13

Factor substitution can occur between renewable and non-renewable resources.

Accepted Answer

A) True 
 B)False

Question 14

For any given year, GDP explicitly provides information about changes in the value of
 the initial capital stock.

Accepted Answer

A) True 
 B)False

Question 15

The general consensus is that fully corrected green accounting is possible.

Accepted Answer

A) True 
 B)False

Question 16

In which way is EDP per capita different than GDP per capita?

Accepted Answer

A)  EDP is calculated after accounting for both the deprecation of human-made
Capital and the costs to the environment. 
B)  GDP is calculated after accounting for both the deprecation of human-made
Capital and the costs to the environment. 
C)  EDP does not include volunteer services. 
D)  EDP does not include part-time work. 
E)  EDP does not include depletion of exhaustible resources. 
A)  EDP is calculated after accounting for both the deprecation of human-made
Capital and the costs to the environment. 
B)  GDP is calculated after accounting for both the deprecation of human-made
Capital and the costs to the environment. 
C)  EDP does not include volunteer services. 
D)  EDP does not include part-time work. 
E)  EDP does not include depletion of exhaustible resources.

Question 17

Green accounting should include economic welfare.

Accepted Answer

A) True 
 B)False

Question 18

Greening the SNA based on weak sustainability takes thresholds in critical natural capital
 into account.

Accepted Answer

A) True 
 B)False

Question 19

GDP measures the 'flow' of total income.

Accepted Answer

A) True 
 B)False

Question 20

NNPe assumes 'known reserves' of mineral and other exhaustible resources.

Accepted Answer

A) True 
 B)False

Countries normally take taking into consideration to the resource flow of their trading partners.

Which of the following statements is most accurate?

Under the notion of weak sustainability, if resource depletion is not expected to impair the future productive capacity of a nation, manufactured and natural capital are assumed to be close substitutes.

Through trade, rich countries are able to transfer of environmental and resource wealth from poor countries to themselves.

In order to maintain a sustained level of consumption, an economy requires the allowance for depreciation of human-made capital and resource depletion to be reinvested in the economy.

Which one of the following is the best example of critical natural capital?

Gross Domestic Product (GDP), the most widely used indicator of macroeconomic activities explicitly includes natural resources and the environment.

It is important to provide allowances for the depreciation of capital assets in order to safeguard an economy's wealth.

Which of the follow is an indicator of sustainable income?

Trade is always cognizant of environmental sustainability.

Which of the following is a capital stock?

Which of the following assets will have no valuation problem when one needs to account for capital depreciation?

Factor substitution can occur between renewable and non-renewable resources.

For any given year, GDP explicitly provides information about changes in the value of the initial capital stock.

The general consensus is that fully corrected green accounting is possible.

In which way is EDP per capita different than GDP per capita?

Green accounting should include economic welfare.

Greening the SNA based on weak sustainability takes thresholds in critical natural capital into account.

GDP measures the 'flow' of total income.

NNPe assumes 'known reserves' of mineral and other exhaustible resources.

The Natural Environment and the Human Economy: the Neoclassical Perspective

The Natural Environment and the Human Economy: an Ecological Perspective

Ecological and Technological Determinants of the Trade-Off Between Economic Activity and Environmental Quality

The Economic Theory of Pollution Control

The Economics of Environmental Regulation I: Emission Standards and Effluent Charge

The Economics of Environmental Regulation Ii: Transferable Emission Credits, and the Macroeconomic Effects of Environmental Regulation

Alternative Methods of Valuation of Environmental Goods and Services

Frameworks for Assessing the Worthiness of Environmental Projects

The Economics of Climate Change

The Economics of Biodiversity

Biophysical Limits to Economic Growth: the Malthusianneo-Malthusianecological Economics Perspectives

Biophysical Limits to Economic Growth: the Neoclassical Perspective

Green Accounting and Alternative Indicators of Sustainability

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Exam 13: The Economics of Sustainability

Countries normally take taking into consideration to the resource flow of their trading partners.

Which of the following statements is most accurate?

Under the notion of weak sustainability, if resource depletion is not expected to impair the future productive capacity of a nation, manufactured and natural capital are assumed to be close substitutes.

Through trade, rich countries are able to transfer of environmental and resource wealth from poor countries to themselves.

In order to maintain a sustained level of consumption, an economy requires the allowance for depreciation of human-made capital and resource depletion to be reinvested in the economy.

Which one of the following is the best example of critical natural capital?

Gross Domestic Product (GDP), the most widely used indicator of macroeconomic activities explicitly includes natural resources and the environment.

It is important to provide allowances for the depreciation of capital assets in order to safeguard an economy's wealth.

Which of the follow is an indicator of sustainable income?

Trade is always cognizant of environmental sustainability.

Which of the following is a capital stock?

Which of the following assets will have no valuation problem when one needs to account for capital depreciation?

Factor substitution can occur between renewable and non-renewable resources.

For any given year, GDP explicitly provides information about changes in the value of the initial capital stock.

The general consensus is that fully corrected green accounting is possible.

In which way is EDP per capita different than GDP per capita?

Green accounting should include economic welfare.

Greening the SNA based on weak sustainability takes thresholds in critical natural capital into account.

GDP measures the 'flow' of total income.

NNPe assumes 'known reserves' of mineral and other exhaustible resources.

The Natural Environment and the Human Economy: the Neoclassical Perspective

The Natural Environment and the Human Economy: an Ecological Perspective

Ecological and Technological Determinants of the Trade-Off Between Economic Activity and Environmental Quality

The Economic Theory of Pollution Control

The Economics of Environmental Regulation I: Emission Standards and Effluent Charge

The Economics of Environmental Regulation Ii: Transferable Emission Credits, and the Macroeconomic Effects of Environmental Regulation

Alternative Methods of Valuation of Environmental Goods and Services

Frameworks for Assessing the Worthiness of Environmental Projects

The Economics of Climate Change

The Economics of Biodiversity

Biophysical Limits to Economic Growth: the Malthusianneo-Malthusianecological Economics Perspectives

Biophysical Limits to Economic Growth: the Neoclassical Perspective

Green Accounting and Alternative Indicators of Sustainability

Filters