Question 1

The existence of pollution does not imply that environmental resources have alternative uses.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements is true?

Accepted Answer

A)  The efficient level of pollution is achieved by eliminating all pollution. 
B)  Pollution occurs any time residuals are returned to the natural environment. 
C)  Measuring the costs and benefits of pollution is generally more difficult than measuring the prices of marketable goods. 
D)  There can never be too much or too little pollution. 
A)  The efficient level of pollution is achieved by eliminating all pollution. 
B)  Pollution occurs any time residuals are returned to the natural environment. 
C)  Measuring the costs and benefits of pollution is generally more difficult than measuring the prices of marketable goods. 
D)  There can never be too much or too little pollution.

Question 3

If it costs motorists $1 to reduce carbon monoxide emissions from 10 pounds to 9 pounds and $3 to reduce them from 9 pounds to 8 pounds, the marginal benefit of the 10th pound of carbon monoxide is:

Accepted Answer

A)  $1. 
B)  $3. 
C)  $8. 
D)  $9. 
A)  $1. 
B)  $3. 
C)  $8. 
D)  $9.

Question 4

Moral suasion can be effectively used to:

Accepted Answer

A)  reduce littering. 
B)  eliminate any pollution with high compliance costs. 
C)  correct all pollution problems. 
D)  achieve the efficient level of automobile emissions. 
A)  reduce littering. 
B)  eliminate any pollution with high compliance costs. 
C)  correct all pollution problems. 
D)  achieve the efficient level of automobile emissions.

Question 5

_______ and _______ are two incentive approaches to reducing pollution.

Accepted Answer

A)  Emissions taxes; marketable pollution permits 
B)  Moral suasion; emission taxes 
C)  Marketable pollution permits; command-and-control 
D)  Moral suasion; marketable pollution permits 
A)  Emissions taxes; marketable pollution permits 
B)  Moral suasion; emission taxes 
C)  Marketable pollution permits; command-and-control 
D)  Moral suasion; marketable pollution permits

Question 6

Moral suasion is:

Accepted Answer

A)  directly controlling the behavior of people. 
B)  appealing to a sense of moral values to change peoples' behavior. 
C)  providing an incentive to people to change their behavior. 
D)  a powerful tool in abating air pollution. 
A)  directly controlling the behavior of people. 
B)  appealing to a sense of moral values to change peoples' behavior. 
C)  providing an incentive to people to change their behavior. 
D)  a powerful tool in abating air pollution.

Question 7

Discuss in some detail the Coase theorem and how it applies in the context of pollution control.

Accepted Answer

The Coase theorem, developed by economis

Question 8

The efficient rate of emissions occurs where:

Accepted Answer

A)  there is absolutely no damage done to a pristine environment. 
B)  government forces zero pollution to take place, no matter what the cost. 
C)  the marginal benefits of pollution exceed the marginal costs of pollution. 
D)  the change in benefits is equal to the change in costs due to an additional unit of emissions. 
A)  there is absolutely no damage done to a pristine environment. 
B)  government forces zero pollution to take place, no matter what the cost. 
C)  the marginal benefits of pollution exceed the marginal costs of pollution. 
D)  the change in benefits is equal to the change in costs due to an additional unit of emissions.

The existence of pollution does not imply that environmental resources have alternative uses.

Which of the following statements is true?

If it costs motorists $1 to reduce carbon monoxide emissions from 10 pounds to 9 pounds and $3 to reduce them from 9 pounds to 8 pounds, the marginal benefit of the 10th pound of carbon monoxide is:

Moral suasion can be effectively used to:

_ and _ are two incentive approaches to reducing pollution.

Moral suasion is:

Discuss in some detail the Coase theorem and how it applies in the context of pollution control.

The efficient rate of emissions occurs where:

Economics: The Study of Choice

Confronting Scarcity: Choices in Production

Demand and Supply

Applications of Supply and Demand

Elasticity: a Measure of Response

Markets, Maximizers, and Efficiency

The Analysis of Consumer Choice

Production and Cost

Competitive Markets for Goods and Services

Monopoly

The World of Imperfect Competition

Wages and Employment in Perfect Competition

Interest Rates and the Markets for Capital and Natural Resources

Imperfectly Competitive Markets for Factors of Production

Public Finance and Public Choice

Antitrust Policy and Business Regulation

International Trade

Inequality, Poverty, and Discrimination

Filters

Exam 18: The Economics of the Environment

The existence of pollution does not imply that environmental resources have alternative uses.

Which of the following statements is true?

If it costs motorists $1 to reduce carbon monoxide emissions from 10 pounds to 9 pounds and $3 to reduce them from 9 pounds to 8 pounds, the marginal benefit of the 10th pound of carbon monoxide is:

Moral suasion can be effectively used to:

_______ and _______ are two incentive approaches to reducing pollution.

Moral suasion is:

Discuss in some detail the Coase theorem and how it applies in the context of pollution control.

The efficient rate of emissions occurs where:

Economics: The Study of Choice

Confronting Scarcity: Choices in Production

Demand and Supply

Applications of Supply and Demand

Elasticity: a Measure of Response

Markets, Maximizers, and Efficiency

The Analysis of Consumer Choice

Production and Cost

Competitive Markets for Goods and Services

Monopoly

The World of Imperfect Competition

Wages and Employment in Perfect Competition

Interest Rates and the Markets for Capital and Natural Resources

Imperfectly Competitive Markets for Factors of Production

Public Finance and Public Choice

Antitrust Policy and Business Regulation

International Trade

Inequality, Poverty, and Discrimination

Filters

_ and _ are two incentive approaches to reducing pollution.