Question 1

The GDP includes all of the following in its measures of economic growth except ______________.

Accepted Answer

A) the income from the sales of goods abroad 
B) human well- being 
C) medical costs 
D) the costs of replacing outdated equipment used on farms and in industrial manufacturing 
A) the income from the sales of goods abroad 
B) human well- being 
C) medical costs 
D) the costs of replacing outdated equipment used on farms and in industrial manufacturing B

Question 2

Rocky Mountain National Park is one of the most visited national parks in the United States.Economic consideration of the value of the park would include consideration of the tourism created by the existence of the park.The value of this kind of tourism would be considered an)___________value of the park.

Accepted Answer

A) existence 
B) direct use 
C) indirect use 
D) option 
A) existence 
B) direct use 
C) indirect use 
D) option B

Question 3

-Examine the trends in the GDP and GPI.The GPI has remained fairly level because of ___________.

Accepted Answer

A) increased education,better social programs,and overall reductions in crime 
B) the increased environmental and social costs of economic activity 
C) the decreased environmental and social costs of economic activity 
D) the failure to include the depreciation of natural capital and ecosystem services 
A) increased education,better social programs,and overall reductions in crime 
B) the increased environmental and social costs of economic activity 
C) the decreased environmental and social costs of economic activity 
D) the failure to include the depreciation of natural capital and ecosystem services B

Question 4

GPI is an acronym for __________.

Accepted Answer

A) Gas Price Index 
B) Good Parent Index 
C) Global Price Indicator 
D) Genuine Progress Indicator 
A) Gas Price Index 
B) Good Parent Index 
C) Global Price Indicator 
D) Genuine Progress Indicator

Question 5

Which of the following statements is true regarding the United States and global gross domestic products GDPs?

Accepted Answer

A) U)S.and global GDPs have both rapidly increased over the past century. 
B) U)S.versus global GDP values are difficult to compare because GDP calculations in the United States include factors such as volunteerism and happiness that are ignored in most other countries' GDP calculations. 
C) U)S.and global nominal GDPs have both declined over the past decade as pollution control and global warming have become more problematic. 
D) Although the nominal GDPs of the United States and the world have been increasing,the real GDPs have been at roughly the same levels since the year 2000. 
A) U)S.and global GDPs have both rapidly increased over the past century. 
B) U)S.versus global GDP values are difficult to compare because GDP calculations in the United States include factors such as volunteerism and happiness that are ignored in most other countries' GDP calculations. 
C) U)S.and global nominal GDPs have both declined over the past decade as pollution control and global warming have become more problematic. 
D) Although the nominal GDPs of the United States and the world have been increasing,the real GDPs have been at roughly the same levels since the year 2000.

Question 6

__________is the difference between the cost to produce a product and its price in the marketplace.

Accepted Answer

A) Discount rate 
B) Economic value 
C) Profit 
D) Demand 
A) Discount rate 
B) Economic value 
C) Profit 
D) Demand

Question 7

Mahogany is a tree found in the tropical rain forests of Central and South America.Mahogany lumber is prized for its beauty,durability,and color.Overharvesting of mahogany has led to the tree being classified as threatened,and there are international laws banning its harvest and trade.Although an anthropocentrist,biocentrist,and ecocentrist might all agree that it is important to protect mahogany trees,they would disagree on the reasons for doing so.Explain how they would differ in their reasoning.

Accepted Answer

An anthropocentrist would focus on the v

Question 8

Which of the following most accurately describes "human capital" in a market system?

Accepted Answer

A) The skills of the workforce 
B) The central location where humans exchange goods and services 
C) The natural resources used by humans to produce goods and services 
D) The tools,machines,infrastructure,and other built resources that can be used by humans to produce goods and services 
A) The skills of the workforce 
B) The central location where humans exchange goods and services 
C) The natural resources used by humans to produce goods and services 
D) The tools,machines,infrastructure,and other built resources that can be used by humans to produce goods and services

Question 9

When a commodity is in short supply,the cost__________ .

Accepted Answer

A) remains the same 
B) is near the cost of production 
C) decreases 
D) goes up 
A) remains the same 
B) is near the cost of production 
C) decreases 
D) goes up

Question 10

If a nonrenewable resource such as oil suddenly becomes scarce while demand remains constant,the________ .

Accepted Answer

A) price of the resource would increase 
B) price of the resource would remain unchanged 
C) demand would cause the supply to increase 
D) price of the resource would decrease 
A) price of the resource would increase 
B) price of the resource would remain unchanged 
C) demand would cause the supply to increase 
D) price of the resource would decrease

Question 11

Read the following scenario, and answer the questions below.

As an economist, you are asked to analyze the present versus future value of fossil fuel resources in a newly discovered oil field. You determine that the oil which would take 1 year to extract) is estimated to be worth $10 million in today's market.

-The money made on the oil would be worth approximately ___________after 10 years if it were immediately extracted and the proceeds were immediately invested at an annual interest rate of 7%.

Accepted Answer

A) $10.7 million 
B) $10 million 
C) $17 million 
D) $20 million 
A) $10.7 million 
B) $10 million 
C) $17 million 
D) $20 million

Question 12

The collapse of a fishery could be blamed on all of the following except_____________ .

Accepted Answer

A) misuse of a common pool resource 
B) tragedy of the commons 
C) inadequate structural design 
D) overharvesting marine resources 
A) misuse of a common pool resource 
B) tragedy of the commons 
C) inadequate structural design 
D) overharvesting marine resources

Question 13

The EPA's cost/benefit analysis of air pollution regulation in the United States indicates that ______________.

Accepted Answer

A) air pollution standards may be too strict,since the costs of compliance slightly outweigh the benefits 
B) the costs of being in compliance with the regulations are negligible 
C) the benefits and costs of the regulations are about equal,so the standards are at the economic break- even point 
D) although costly,the costs are far outweighed by benefits in illness and mortality prevention 
A) air pollution standards may be too strict,since the costs of compliance slightly outweigh the benefits 
B) the costs of being in compliance with the regulations are negligible 
C) the benefits and costs of the regulations are about equal,so the standards are at the economic break- even point 
D) although costly,the costs are far outweighed by benefits in illness and mortality prevention

Question 14

Someone presenting a deontological argument for not poaching elephants for their ivory would argue that doing so _____________.

Accepted Answer

A) robs elephants of a full and happy life 
B) costs more in lost tourism than is gained by the sale of ivory 
C) would be acceptable,but only if more economic gain occurs from selling the ivory than is lost in tourism income 
D) violates international laws 
A) robs elephants of a full and happy life 
B) costs more in lost tourism than is gained by the sale of ivory 
C) would be acceptable,but only if more economic gain occurs from selling the ivory than is lost in tourism income 
D) violates international laws

Question 15

In a developing country experiencing rapid economic growth,we would expect ______ .

Accepted Answer

A) wages for manual labor to decline 
B) a growing problem with health issues related to pollution 
C) the economy to rapidly decline to its original level,since economies tend to return to their equilibrium point 
D) unemployment rates to rapidly rise 
A) wages for manual labor to decline 
B) a growing problem with health issues related to pollution 
C) the economy to rapidly decline to its original level,since economies tend to return to their equilibrium point 
D) unemployment rates to rapidly rise

Question 16

-This graph illustrates_______ .

Accepted Answer

A) how price dictates the supply of and demand for a product or service 
B) how the supply of a product or service dictates demand for it 
C) how supply and demand dictate the price of a product or service 
D) how the demand for a product dictates its price 
A) how price dictates the supply of and demand for a product or service 
B) how the supply of a product or service dictates demand for it 
C) how supply and demand dictate the price of a product or service 
D) how the demand for a product dictates its price

Question 17

Both the gross domestic product GDP)and genuine progress indicator GPI)can be used as a measure of the wealth of a nation.Explain the difference between the GDP and GPI.

Accepted Answer

GDP is the total value of goods and serv

Question 18

In 1968,an ecologist named Garrett Hardin published a paper describing the "tragedy of the commons," which he described as occurring when individual self- interest inevitably leads to overuse and abuse of a shared resource.Which of the following types of resources is the kind of shared resource that Hardin described in his paper?

Accepted Answer

A) A common pool resource 
B) A finite resource 
C) An economic resource 
D) A renewable resource 
A) A common pool resource 
B) A finite resource 
C) An economic resource 
D) A renewable resource

Question 19

-The intersection of the two lines on the graph represents_________ .

Accepted Answer

A) the convergence point,which is the point at which the supply and demand curves converge 
B) the equilibrium point,which is the price at which consumers are willing to pay given the quantity that producers are willing to make 
C) the convergence point,which is the quantity that consumers will buy when the product costs a certain amount 
D) the equilibrium point,which is the quantity of product a manufacturer is willing to produce in a declining economy 
A) the convergence point,which is the point at which the supply and demand curves converge 
B) the equilibrium point,which is the price at which consumers are willing to pay given the quantity that producers are willing to make 
C) the convergence point,which is the quantity that consumers will buy when the product costs a certain amount 
D) the equilibrium point,which is the quantity of product a manufacturer is willing to produce in a declining economy

Question 20

Someone with an___________ perspective might argue that the loss of wildlife that results from DDT contamination is ethically defensible because of the human lives saved by using DDT to kill the insects that spread disease.

Accepted Answer

A) utilitarianism 
B) deontological 
C) ecocentrism 
D) biocentrism 
A) utilitarianism 
B) deontological 
C) ecocentrism 
D) biocentrism

The GDP includes all of the following in its measures of economic growth except ______________.

-Examine the trends in the GDP and GPI.The GPI has remained fairly level because of ___________.

GPI is an acronym for __________.

Which of the following statements is true regarding the United States and global gross domestic products GDPs?

__________is the difference between the cost to produce a product and its price in the marketplace.

Which of the following most accurately describes "human capital" in a market system?

When a commodity is in short supply,the cost__________ .

If a nonrenewable resource such as oil suddenly becomes scarce while demand remains constant,the________ .

The collapse of a fishery could be blamed on all of the following except_____________ .

The EPA's cost/benefit analysis of air pollution regulation in the United States indicates that ______________.

Someone presenting a deontological argument for not poaching elephants for their ivory would argue that doing so _____________.

In a developing country experiencing rapid economic growth,we would expect ______ .

-This graph illustrates_______ .

Both the gross domestic product GDP)and genuine progress indicator GPI)can be used as a measure of the wealth of a nation.Explain the difference between the GDP and GPI.

-The intersection of the two lines on the graph represents_________ .

Someone with an___________ perspective might argue that the loss of wildlife that results from DDT contamination is ethically defensible because of the human lives saved by using DDT to kill the insects that spread disease.

The Science of Sustainability

Environmental Policy

Economics and Values

Biodiversity and Evolution

Populations and Communities

Ecosystems and Biomes

Biogeochemical Cycles

Freshwater

Oceans

Climate

Human Populations

Land Use

Agriculture

Solid and Hazardous Waste

Human Health and the Environment

Energy Use

Nonrenewable Energy

Enewable Energy

Science Fundamentals

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Exam 9: Atmosphere and Air Pollution

The GDP includes all of the following in its measures of economic growth except ______________.

-Examine the trends in the GDP and GPI.The GPI has remained fairly level because of ___________.

GPI is an acronym for __________.

Which of the following statements is true regarding the United States and global gross domestic products GDPs?

__________is the difference between the cost to produce a product and its price in the marketplace.

Which of the following most accurately describes "human capital" in a market system?

When a commodity is in short supply,the cost__________ .

If a nonrenewable resource such as oil suddenly becomes scarce while demand remains constant,the________ .

The collapse of a fishery could be blamed on all of the following except_____________ .

The EPA's cost/benefit analysis of air pollution regulation in the United States indicates that ______________.

Someone presenting a deontological argument for not poaching elephants for their ivory would argue that doing so _____________.

In a developing country experiencing rapid economic growth,we would expect ______ .

-This graph illustrates_______ .

Both the gross domestic product GDP)and genuine progress indicator GPI)can be used as a measure of the wealth of a nation.Explain the difference between the GDP and GPI.

-The intersection of the two lines on the graph represents_________ .

Someone with an___________ perspective might argue that the loss of wildlife that results from DDT contamination is ethically defensible because of the human lives saved by using DDT to kill the insects that spread disease.

The Science of Sustainability

Environmental Policy

Economics and Values

Biodiversity and Evolution

Populations and Communities

Ecosystems and Biomes

Biogeochemical Cycles

Freshwater

Oceans

Climate

Human Populations

Land Use

Agriculture

Solid and Hazardous Waste

Human Health and the Environment

Energy Use

Nonrenewable Energy

Enewable Energy

Science Fundamentals

Filters