Exam 23: Ecological Economics

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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.

(True/False)
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Political economy theory incorporates ______ while neoclassical economic theory incorporates _________.

(Multiple Choice)
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An example of a market-based incentive for environmental protection would be

(Multiple Choice)
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What you choose to buy as a consumer does not really influence businesses to produce eco-friendly goods and services.

(True/False)
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In economic terms, "supply" is how much of something

(Multiple Choice)
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When a factory pollutes a river, the costs and losses that affect people downstream would be called ______ costs.

(Multiple Choice)
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A(n) ________ relationship exists between supply and demand.Therefore, when supply is high, demand is _____.

(Multiple Choice)
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In a frontier economy, there is usually a relative abundance of __________ because of the inefficiency ______________.

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Which author criticized the idea of commonly held resources in "The Tragedy of the Commons"?

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Which of the following is an example of an open access system?

(Multiple Choice)
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Environmental protection has been proven to __________ the number of available jobs because __________.

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"The Tragedy of the Commons" is based on the view that

(Multiple Choice)
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When we purchase a product, the price we pay directly reflects the _____ cost of producing it.If the manufacture of the product degrades the quality of air or water, then the costs of this pollution are termed _____ costs.

(Multiple Choice)
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Which of the following is not an effective response to resource scarcity?

(Multiple Choice)
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  -On the classical supply-demand graph, ________ is highest when prices are low. -On the classical supply-demand graph, ________ is highest when prices are low.

(Multiple Choice)
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In 1997, ecological economists put a price on the goods and services provided by natural systems.This estimated annual value ranged from

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

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Most job layoffs occur as a result of

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Which of the following is considered social capital?

(Multiple Choice)
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An example of an intangible resource is

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