Exam 7: Transforming Structures: Markets and Politics

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Most conventional American economic theory is embedded in a _________ paradigm of ideas and assumptions.

(Multiple Choice)
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Explain the concepts of CRM and TEA;then compare and contrast these two strategies.

(Essay)
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The chemical and primary metal industries are difficult to regulate with respect to environmental impact because they constitute about one quarter of the country's total economic output.Restrictions would therefore adversely affect economic output.

(True/False)
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Identify and discuss the primary reasons why markets fail.Be sure to give specific examples to illustrate your points.

(Essay)
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The establishment of the EPA (Environmental Protection Agency) in the U.S.is part of an environmental regulatory state.

(True/False)
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"Shadow prices" are developed by:

(Multiple Choice)
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Recycling is an example of an "end of the pipe" policy intervention.

(True/False)
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The environmental policy system in the U.S.is _________ than those of Great Britain,France,and Japan.

(Multiple Choice)
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Rivers,air,and groundwater are considered to be:

(Multiple Choice)
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While Europe is more successful at recycling,the U.S.provides far greater support for international treaties like the Kyoto climate treaty.

(True/False)
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Commons resource management regimes have their origin in European systems,while the tradable environmental allowances regimes have their origin in the Anglo-American property rights system.

(True/False)
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In spite of problems and strong antiglobalization protests,environmental protection is becoming institutionalized at a global level.

(True/False)
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The city of Metropolis has erected billboards around the city that proclaim,"If it's not in use-turn off the juice." This policy represents what type of "fix"?

(Multiple Choice)
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Describe significant trends showing that the regulatory state is under attack in the U.S.Be sure to provide specific examples.

(Essay)
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Increasingly,American public policy is becoming "retail" policy,rather than "wholesale" policy.

(True/False)
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Because of constant price inflation,most neoclassical economists advise consumers to adopt a "wait and see," or deferred gratification,approach to consumption.

(True/False)
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One advantage of commons resource management is that it has low enforcement costs.

(True/False)
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Technological and behavioral "fixes" can be either regulatory or nonregulatory.

(True/False)
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Which of the following is an example of a regulatory policy?

(Multiple Choice)
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Places like national parks and grasslands are considered to be:

(Multiple Choice)
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