Exam 16: Externalities the Environment and Natural Resources

Explore all topics

Economic theory predicted that the price of a depletable resource would rise by 10 percent.In reality, the price fell by 5 percent.Which of the following events could explain this discrepancy?

(Multiple Choice)

4.7/5

(27)

Question 61

Taxes on emissions have led to

(Multiple Choice)

4.8/5

(30)

Question 62

Americans are creating an enormous amount of solid waste daily-over 4 pounds per person per day.How is the United States coping with this extraordinary problem?

(Essay)

4.8/5

(43)

Question 63

Under an emissions tax program, the government sets ; under an emissions permits program, the government sets .

(Multiple Choice)

4.8/5

(37)

Question 64

Emissions permits might be called a "license to pollute."

(True/False)

4.9/5

(27)

Question 65

Rising prices help control the process of resource depletion by

(Multiple Choice)

4.7/5

(30)

Question 66

Centrally planned economies are able to cope with environmental pollution issues much better than capitalist countries.

(True/False)

4.8/5

(38)

Question 67

Suppose that because of climatic conditions, the smog levels in Los Angeles suddenly soar to dangerous levels.The most successful policy in this case would be

(Multiple Choice)

4.9/5

(42)

Question 68

Economists believe it is feasible and desirable to reduce environmental damage to zero.

(True/False)

4.8/5

(29)

Question 69

If not recycled, an input used in production ultimately winds up as a waste product.

(True/False)

4.8/5

(28)

Question 70

By the year 2100, global warming may lead to

(Multiple Choice)

4.9/5

(25)

Question 71

Explain what a "cap and trade" program is and how it works.Does the U.S.have a cap and trade program? If so, is it successful?

(Essay)

4.7/5

(40)

Question 72

Under EPA regulations, a factory

(Multiple Choice)

4.9/5

(36)

Question 73

The deregulation of oil pricing will

(Multiple Choice)

4.9/5

(41)

Question 74

Supply and demand analysis

(Multiple Choice)

4.9/5

(40)

Question 75

Direct controls are generally much more costly than emissions taxes because

(Multiple Choice)

4.8/5

(37)

Question 76

Taxes on polluting emissions are

(Multiple Choice)

4.8/5

(34)

Question 77

The external costs of alcohol consumption are related to, among other things, death and injury related to auto accidents caused by drunk drivers.These costs have been estimated to be about 47 cents per ounce of alcohol consumed.Taxes on alcohol amount to 23 cents per ounce.This suggests that alcohol consumption is (i) greater than the efficient or optimal amount; (ii) should be reduced to zero to eliminate the externality.

(Multiple Choice)

4.9/5

(32)

Question 78

The environmental problems of China:

(Multiple Choice)

4.9/5

(43)

Question 79

In practice, taxes on emissions of pollutants have been found to

(Multiple Choice)

4.8/5

(34)

Question 80

Showing 61 - 80 of 216

Exam 16: Externalities the Environment and Natural Resources

Economic theory predicted that the price of a depletable resource would rise by 10 percent.In reality, the price fell by 5 percent.Which of the following events could explain this discrepancy?

Taxes on emissions have led to

Americans are creating an enormous amount of solid waste daily-over 4 pounds per person per day.How is the United States coping with this extraordinary problem?

Under an emissions tax program, the government sets ____; under an emissions permits program, the government sets ____.

Emissions permits might be called a "license to pollute."

Rising prices help control the process of resource depletion by

Centrally planned economies are able to cope with environmental pollution issues much better than capitalist countries.

Suppose that because of climatic conditions, the smog levels in Los Angeles suddenly soar to dangerous levels.The most successful policy in this case would be

Economists believe it is feasible and desirable to reduce environmental damage to zero.

If not recycled, an input used in production ultimately winds up as a waste product.

By the year 2100, global warming may lead to

Explain what a "cap and trade" program is and how it works.Does the U.S.have a cap and trade program? If so, is it successful?

Under EPA regulations, a factory

The deregulation of oil pricing will

Supply and demand analysis

Direct controls are generally much more costly than emissions taxes because

Taxes on polluting emissions are

The environmental problems of China:

In practice, taxes on emissions of pollutants have been found to

What Is Economics

The Economy Myth and Reality

The Fundamental Economic Problem Scarcity and Choice

Supply and Demand an Initial Look

Consumer Choice Individual and Market Demand

Demand and Elasticity

Production Inputs and Cost Building Blocks for Supply Analysis

Output Price and Profit the Importance of Marginal Analysis

Securities Business Finance and the Economy the Tail That Wags the Dog

The Firm and the Industry Under Perfect Competition

Monopoly

Between Competition and Monopoly

Limiting Market Power Regulation and Antitrust

The Case for Free Markets the Price System

The Shortcomings of Free Markets

Taxation and Resource Allocation

Pricing the Factors of Production

Labor and Entrepreneurship the Human Inputs

Poverty Inequality and Discrimination

Is Us Economic Leadership Threatened

International Trade and Comparative Advantage

Filters

Under an emissions tax program, the government sets ; under an emissions permits program, the government sets .