Exam 7: Transforming Structures: Markets and Politics

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The 2008 global economic recession increased environmental damage substantially because fewer people complied with environmental regulations.

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Evidence suggests that commons resources will always be depleted,because there are few incentives to cooperate with other consumers.

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Environmental policy in Great Britain,Japan,and France is decentralized and administered primarily at the regional level.

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Because the market defines the price of resources in the tradable environmental allowances system,it is often more effective than green taxes,which must be set up by the government.

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Economic markets bring investors,producers,sellers,and buyers together to distribute goods and services.

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Public policy-makers believe that the most effective way to "fix" wasteful consumption patterns is to:

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Limitations to green consumerism include:

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The city of Metropolis just installed synchronized traffic lights to minimize traffic jams and reduce commute times.This policy represents what type of "fix"?

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Commons problems produce market failures because there are few incentives to prevent environmental degradation.

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An example of an "upstream" policy intervention in the economic production cycle would be:

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Relative to TEA (tradable environmental allowances),CRM (commons resource management) is:

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Which country has eliminated all agricultural subsidies?

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Lobster fisheries in Maine have been sustainably managed for decades,thereby supporting the idea that commons resources need not be depleted.

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Identify and discuss the primary strategies for public policies.Be sure to address why the strategies likely work best in concert.

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The U.S.policy system has a strong bias towards stakeholder influence.

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Discuss the problems associated with the concept of a "perfect market," free from any type of restraint.

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In general,private property resources are more likely than common property resources to be used sustainably.

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Which of the following are used to calculate the most widely used human development indicator?

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Neoclassical economic theorists see problems in the environment in terms of market failures.

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_________ theory emphasizes that many human problems can be understood as market failures.

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