Exam 18: Natural Resource and Energy Economics

Other things equal,extracting oil from shale becomes economically viable (as or less costly than using conventionally extracted oil)when oil prices reach _____ or more per barrel.

The amount of land covered by forests is:

A total fertility rate of 1.0 is necessary to keep the population constant over time.

The economic benefits of forests include provision of wildlife habitats,erosion prevention,and oxygen production.

(Consider This)According to the International Energy Agency:

Which of the following is true about U.S.energy consumption and per capita real GDP since 1988?

(Consider This)Garrett Hardin's tragedy of the commons best applies to which of the following issues?

Which of the following best describes the typical growth pattern of trees for logging?

When the benefits of conservation and future use are excluded from a cost-benefit analysis,there is a tendency to:

(Last Word)In 2012,the countries with the highest scores on the Environmental Performance Index were:

Renewable natural resources can never be exhausted.

In energy economics,"BTU" stands for:

Kara and Kyle are competing sockeye salmon fishers.Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each.Kara's cost per ton is $8;Kyle's cost per ton is $12. Refer to the information given.If the market price of sockeye salmon is $15 per ton,and Kara and Kyle both catch their quota,their combined profit will be:

Electricity generating plants with low fixed costs tend to have high operating costs.

Other things equal,biodiesel becomes economically viable (as or less costly than using oil)when oil prices reach _____ or more per barrel.

Modernizing economies that have declining birthrates may still experience population growth because of rapidly declining death rates.

Profit-maximizing extraction companies will attempt to:

Which of the following is considered a nonrenewable natural resource?

ITQs both limit catches and encourage fishing in the least costly way.

Per capita energy use in the United States has remained fairly constant since 1980.