Question 1

Businesses are now willing to become "green" because

Accepted Answer

A) It improves their public image 
B) It immediately saves them money 
C) Doing so is expensive but makes good advertising 
D) Doing so improves their image and saves money in the end 
E) They need to obey laws and comply with government regulations 
A) It improves their public image 
B) It immediately saves them money 
C) Doing so is expensive but makes good advertising 
D) Doing so improves their image and saves money in the end 
E) They need to obey laws and comply with government regulations D

Question 2

Use the following scenario to answer the question.
 A large lending institution is evaluating the long-term pros and cons of building a hydroelectric dam in the Amazon rainforest. First, the lending institution is identifying the appropriate factors and then quantifying them. The factors include—but are not limited to—the direct expenses of building the dam, the lost opportunities from placing a dam on the river, and the profit from the dam. Also included is an analysis of who will be affected by the dam.

-Which of the following is not a major criticism of the type of analysis in the scenario?

Accepted Answer

A) People are willing to answer questions about how much they would spend to save the Amazon rainforest. 
B) The quantification process compares the value of the lives of indigenous people's lives with the lives of people in the city who would be receiving the electricity. 
C) The focus of this type of analysis would be mainly on the hydroelectric project rather than alternatives. 
D) Monetary values are placed on intangible things like the river running freely. 
E) These are all criticisms of this type of analysis. 
A) People are willing to answer questions about how much they would spend to save the Amazon rainforest. 
B) The quantification process compares the value of the lives of indigenous people's lives with the lives of people in the city who would be receiving the electricity. 
C) The focus of this type of analysis would be mainly on the hydroelectric project rather than alternatives. 
D) Monetary values are placed on intangible things like the river running freely. 
E) These are all criticisms of this type of analysis. A

Question 3

The function of the World Bank is to administer

Accepted Answer

A) Small local development grants 
B) Small international grants 
C) Savings for major global corporations 
D) Small local aid 
E) Major international development aid 
A) Small local development grants 
B) Small international grants 
C) Savings for major global corporations 
D) Small local aid 
E) Major international development aid E

Question 4

Ecology and economy are both derived from the Greek word "Oikos" meaning

Accepted Answer

A) The study of something 
B) How things work 
C) Relationships 
D) Environment 
E) Household 
A) The study of something 
B) How things work 
C) Relationships 
D) Environment 
E) Household

Question 5

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 6

The use of Gross National Product as an indicator of economic well-being

Accepted Answer

A) Is criticized as an inaccurate measure of the quality of life 
B) Reflects social welfare 
C) Predicts ecological bankruptcy through recognition of decreased natural capital 
D) Takes into account life expectancy 
E) Does not take into account economic activity overseas 
A) Is criticized as an inaccurate measure of the quality of life 
B) Reflects social welfare 
C) Predicts ecological bankruptcy through recognition of decreased natural capital 
D) Takes into account life expectancy 
E) Does not take into account economic activity overseas

Question 7

-Using the supply-demand graph, what happens as the price of goods or services increases?

Accepted Answer

A) The quantity of the goods or services decreases 
B) The quantity of the goods or services increases 
C) Demand increases and supply falls 
D) Demand falls and supply increases 
E) Market equilibrium is finally reached and the demand increases 
A) The quantity of the goods or services decreases 
B) The quantity of the goods or services increases 
C) Demand increases and supply falls 
D) Demand falls and supply increases 
E) Market equilibrium is finally reached and the demand increases

Question 8

The economic theory that was originally focused on how the interests and values of individuals relate to larger societal goals is the ______ economic theory.

Accepted Answer

A) Political 
B) Neoclassical 
C) Classical 
D) Social 
E) Ecological 
A) Political 
B) Neoclassical 
C) Classical 
D) Social 
E) Ecological

Question 9

Use the following scenario to answer the question.
 A large lending institution is evaluating the long-term pros and cons of building a hydroelectric dam in the Amazon rainforest. First, the lending institution is identifying the appropriate factors and then quantifying them. The factors include—but are not limited to—the direct expenses of building the dam, the lost opportunities from placing a dam on the river, and the profit from the dam. Also included is an analysis of who will be affected by the dam.

-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 10

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 11

Use the following scenario to answer the question.
 A large lending institution is evaluating the long-term pros and cons of building a hydroelectric dam in the Amazon rainforest. First, the lending institution is identifying the appropriate factors and then quantifying them. The factors include—but are not limited to—the direct expenses of building the dam, the lost opportunities from placing a dam on the river, and the profit from the dam. Also included is an analysis of who will be affected by the dam.

-The analysis

Accepted Answer

A) Includes many subjective judgments 
B) Is strictly an objective economic activity 
C) Is straightforward because the factors are easily quantified 
D) Is an excellent process to use when dealing with uncertainties like the effects on indigenous people 
E) Ensures fairness to all people who are involved in the projects 
A) Includes many subjective judgments 
B) Is strictly an objective economic activity 
C) Is straightforward because the factors are easily quantified 
D) Is an excellent process to use when dealing with uncertainties like the effects on indigenous people 
E) Ensures fairness to all people who are involved in the projects

Question 12

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

Accepted Answer

Should loo

Question 13

A steady-state economy would be marked by _____ resource consumption, _____ volume, and _____ output.

Accepted Answer

A) High; low; low 
B) High; high; high-quality 
C) Low; high; high-quality 
D) Low; low; high-quality 
E) Low; low; low-quality 
A) High; low; low 
B) High; high; high-quality 
C) Low; high; high-quality 
D) Low; low; high-quality 
E) Low; low; low-quality

Question 14

Pollution charges and emissions trading are examples of market-based mechanisms for environmental protection.

Accepted Answer

A) True 
 B)False

Question 15

In Limits to Growth, the Club of Rome predicted that

Accepted Answer

A) Steady-state economic systems were not viable 
B) Sustained economic growth of most countries was likely for the near future 
C) Predicting the future was impossible 
D) Technology would help mitigate the effects of increased populations 
E) Economic collapse is likely if we do not reduce population growth 
A) Steady-state economic systems were not viable 
B) Sustained economic growth of most countries was likely for the near future 
C) Predicting the future was impossible 
D) Technology would help mitigate the effects of increased populations 
E) Economic collapse is likely if we do not reduce population growth

Question 16

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 17

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

Accepted Answer

A) True 
 B)False

Question 18

_______ is a nonrenewable resource.

Accepted Answer

A) Scientific technology 
B) Hydroelectric power 
C) Coal 
D) Biomass 
E) Solar energy 
A) Scientific technology 
B) Hydroelectric power 
C) Coal 
D) Biomass 
E) Solar energy

Question 19

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 20

-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

Exam 23: Ecological Economics

Businesses are now willing to become "green" because

The function of the World Bank is to administer

Ecology and economy are both derived from the Greek word "Oikos" meaning

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

The use of Gross National Product as an indicator of economic well-being

-Using the supply-demand graph, what happens as the price of goods or services increases?

The economic theory that was originally focused on how the interests and values of individuals relate to larger societal goals is the ______ economic theory.

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

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

A steady-state economy would be marked by _____ resource consumption, _____ volume, and _____ output.

Pollution charges and emissions trading are examples of market-based mechanisms for environmental protection.

In Limits to Growth, the Club of Rome predicted that

Renewable resources are those that

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

_______ is a nonrenewable resource.

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

-The graph shows how __________ when economies develop.

Understanding Our Environment

Principles of Science and Systems

Matter, Energy, and Life

Evolution, Biological Communities, and Species Interactions

Biomes

Population Biology

Human Populations

Environmental Health and Toxicology

Food and Hunger

Farming: Conventional and Sustainable Practices

Biodiversity

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

A steady-state economy would be marked by ___ resource consumption, _ volume, and ___ output.

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