Question 1

_______________ rights allow individuals to use resources but not own them.

Accepted Answer

A)  Human 
B)  Private property 
C)  Communal access 
D)  All of the above 
E)  None of the above 
A)  Human 
B)  Private property 
C)  Communal access 
D)  All of the above 
E)  None of the above C

Question 2

In 1997, the signatories to the United Nations Framework Convention on Climate Change met in Kyoto, Japan, and developed an agreement that sought to:

Accepted Answer

A)  Reduce emissions of greenhouse gases 
B)  Combat the detrimental impacts of acid rain 
C)  Promote sustainable logging practices at the global level 
D)  All of the above 
E)  None of the above 
A)  Reduce emissions of greenhouse gases 
B)  Combat the detrimental impacts of acid rain 
C)  Promote sustainable logging practices at the global level 
D)  All of the above 
E)  None of the above A

Question 3

In this model of ownership over a natural resource commodity, corporations pay some kind of licensing fee to extract a publicly owned natural asset--for example, when governments grant timber licenses to logging firms entitling them to extract wood from a defined territory.

Accepted Answer

A)  State ownership and state exploitation 
B)  State ownership and private exploitation 
C)  State ownership and corporate control 
D)  All of the above 
E)  None of the above 
A)  State ownership and state exploitation 
B)  State ownership and private exploitation 
C)  State ownership and corporate control 
D)  All of the above 
E)  None of the above B

Question 4

The environment acts as a receiver of the outputs of production processes in the form of:

Accepted Answer

A)  Landfill waste 
B)  Litter in urban areas of the city 
C)  Air pollution emissions from industrial zones 
D)  All of the above 
E)  None of the above 
A)  Landfill waste 
B)  Litter in urban areas of the city 
C)  Air pollution emissions from industrial zones 
D)  All of the above 
E)  None of the above

Question 5

Economic thinking is concerned with assigning a current ____________________ to nature, allowing natural "things" to be integrated into a common framework of analysis.

Accepted Answer

A)  Intrinsic worth 
B)  Commodity index 
C)  Monetary value 
D)  All of the above 
E)  None of the above 
A)  Intrinsic worth 
B)  Commodity index 
C)  Monetary value 
D)  All of the above 
E)  None of the above

Question 6

In this model of ownership over a natural resource commodity, the benefits of extraction are shared by all citizens as government revenue:

Accepted Answer

A)  State ownership and state exploitation 
B)  State ownership and private exploitation 
C)  State ownership and corporate control 
D)  All of the above 
E)  None of the above 
A)  State ownership and state exploitation 
B)  State ownership and private exploitation 
C)  State ownership and corporate control 
D)  All of the above 
E)  None of the above

Question 7

The key transformation that occurs in the process of commodification is the ___________ of natural substances.

Accepted Answer

A)  Transmission 
B)  Quality 
C)  Valuing 
D)  All of the above 
E)  None of the above 
A)  Transmission 
B)  Quality 
C)  Valuing 
D)  All of the above 
E)  None of the above

Question 8

The process of privatizing the "commons,"-that is, causing a loss to many and rich benefits for just a few-is called:

Accepted Answer

A)  "Accumulation by dispossession" 
B)  "Commodity accumulation" 
C)  "Progressive communal legislation" 
D)  All of the above 
E)  None of the above 
A)  "Accumulation by dispossession" 
B)  "Commodity accumulation" 
C)  "Progressive communal legislation" 
D)  All of the above 
E)  None of the above

Question 9

Which of the following represent a common criticism of carbon trading:

Accepted Answer

A)  The reliability of baseline measures 
B)  The difficulties of continuous monitoring 
C)  Conflicts of interest in market institutions 
D)  All of the above 
E)  None of the above 
A)  The reliability of baseline measures 
B)  The difficulties of continuous monitoring 
C)  Conflicts of interest in market institutions 
D)  All of the above 
E)  None of the above

Question 10

Our engagement with the natural world is essentially mediated by ____________ relationships.

Accepted Answer

A)  Free 
B)  Exchange 
C)  Unstructured 
D)  All of the above 
E)  None of the above 
A)  Free 
B)  Exchange 
C)  Unstructured 
D)  All of the above 
E)  None of the above

Question 11

Environmental economics emerged in the 1970s as a subdiscipline dealing with the ____________ of a wide range of impacts associated with environmental degradation.

Accepted Answer

A)  Quantification 
B)  Calculation 
C)  Assessment 
D)  All of the above 
E)  None of the above 
A)  Quantification 
B)  Calculation 
C)  Assessment 
D)  All of the above 
E)  None of the above

Question 12

While the early 2000s saw the rapid emergence of state-linked resource corporations in the developing world, resources that were once the exclusive preserve of state-linked enterprises in the developed world became:

Accepted Answer

A)  Nationalized 
B)  Regionalized 
C)  Privatized 
D)  All of the above 
E)  None of the above 
A)  Nationalized 
B)  Regionalized 
C)  Privatized 
D)  All of the above 
E)  None of the above

Question 13

The role of state-linked companies in gaining access to land in areas where land markets and titling are not well established is a concern, with some calling this a:

Accepted Answer

A)  "Global land grab" 
B)  "International property robbery" 
C)  "Land-market reformulation" 
D)  All of the above 
E)  None of the above 
A)  "Global land grab" 
B)  "International property robbery" 
C)  "Land-market reformulation" 
D)  All of the above 
E)  None of the above

Question 14

In establishing an equilibrium price for a commodity, it is the volume of the commodity entering the market, a with the _____________________, which together determine the price.

Accepted Answer

A)  Volume of demand 
B)  Regulatory environment 
C)  Theoretical price 
D)  All of the above 
E)  None of the above 
A)  Volume of demand 
B)  Regulatory environment 
C)  Theoretical price 
D)  All of the above 
E)  None of the above

Question 15

The actual mechanism for determining the price of a commodity is in a market exchange where ___________________ come together.

Accepted Answer

A)  Buyers and sellers 
B)  States and industrial representatives 
C)  Domestic and foreign capital 
D)  All of the above 
E)  None of the above 
A)  Buyers and sellers 
B)  States and industrial representatives 
C)  Domestic and foreign capital 
D)  All of the above 
E)  None of the above

Question 16

Trading in commodity "futures" means that:

Accepted Answer

A)  Immediate deliveries of a commodity are purchased at an unspecified price, to be decided upon at a later date 
B)  Buyers are assured that the price of a commodity purchased the following day will remain the same 
C)  Future deliveries of a commodity are purchased at a specified current price 
D)  All of the above 
E)  None of the above 
A)  Immediate deliveries of a commodity are purchased at an unspecified price, to be decided upon at a later date 
B)  Buyers are assured that the price of a commodity purchased the following day will remain the same 
C)  Future deliveries of a commodity are purchased at a specified current price 
D)  All of the above 
E)  None of the above

Question 17

Different resources have different characteristics as commodities based on the fact that:

Accepted Answer

A)  Many natural resources occur in certain places and not others 
B)  The physical nature of commodities differ, especially with respect to plant crops 
C)  Once extracted, each commodity has distinctive characteristics that determine the ways in which it can be used 
D)  All of the above 
E)  None of the above 
A)  Many natural resources occur in certain places and not others 
B)  The physical nature of commodities differ, especially with respect to plant crops 
C)  Once extracted, each commodity has distinctive characteristics that determine the ways in which it can be used 
D)  All of the above 
E)  None of the above

Question 18

Economies are based upon the _________________ of nature.

Accepted Answer

A)  Transformation 
B)  Restoration 
C)  Destruction 
D)  All of the above 
E)  None of the above 
A)  Transformation 
B)  Restoration 
C)  Destruction 
D)  All of the above 
E)  None of the above

Question 19

Despite the fact that it is very difficult to extend complete private ownership over water, it is estimated that ________________ people worldwide are now served by private water companies.

Accepted Answer

A)  Over 1 million 
B)  Over 5 million 
C)  Over 25 million 
D)  Over 500 million 
E)  Over 2 billion 
A)  Over 1 million 
B)  Over 5 million 
C)  Over 25 million 
D)  Over 500 million 
E)  Over 2 billion

Question 20

The historical enclosure of common grazing lands throughout Europe to create private farms and estates was:

Accepted Answer

A)  Instrumental in ensuring communal access 
B)  Fundamental to the development of socialism in Europe 
C)  Fundamental to the development of capitalism in Europe 
D)  All of the above 
E)  None of the above 
A)  Instrumental in ensuring communal access 
B)  Fundamental to the development of socialism in Europe 
C)  Fundamental to the development of capitalism in Europe 
D)  All of the above 
E)  None of the above

_______________ rights allow individuals to use resources but not own them.

In 1997, the signatories to the United Nations Framework Convention on Climate Change met in Kyoto, Japan, and developed an agreement that sought to:

In this model of ownership over a natural resource commodity, corporations pay some kind of licensing fee to extract a publicly owned natural asset--for example, when governments grant timber licenses to logging firms entitling them to extract wood from a defined territory.

The environment acts as a receiver of the outputs of production processes in the form of:

Economic thinking is concerned with assigning a current ____________________ to nature, allowing natural "things" to be integrated into a common framework of analysis.

In this model of ownership over a natural resource commodity, the benefits of extraction are shared by all citizens as government revenue:

The key transformation that occurs in the process of commodification is the ___________ of natural substances.

The process of privatizing the "commons,"-that is, causing a loss to many and rich benefits for just a few-is called:

Which of the following represent a common criticism of carbon trading:

Our engagement with the natural world is essentially mediated by ____________ relationships.

Environmental economics emerged in the 1970s as a subdiscipline dealing with the ____________ of a wide range of impacts associated with environmental degradation.

While the early 2000s saw the rapid emergence of state-linked resource corporations in the developing world, resources that were once the exclusive preserve of state-linked enterprises in the developed world became:

The role of state-linked companies in gaining access to land in areas where land markets and titling are not well established is a concern, with some calling this a:

In establishing an equilibrium price for a commodity, it is the volume of the commodity entering the market, a with the _____________________, which together determine the price.

The actual mechanism for determining the price of a commodity is in a market exchange where ___________________ come together.

Trading in commodity "futures" means that:

Different resources have different characteristics as commodities based on the fact that:

Economies are based upon the _________________ of nature.

Despite the fact that it is very difficult to extend complete private ownership over water, it is estimated that ________________ people worldwide are now served by private water companies.

The historical enclosure of common grazing lands throughout Europe to create private farms and estates was:

Thinking Geographically

The Economy: What Does It Mean

Capitalism in Motion: Why Is Economic Growth so Uneven

The Statewho Runs the Economy

Labor Power: Can Workers Shape

Making Money: Why Has Finance

Commodity Chainswhere Does

Technological Changeis the World Getting Smaller

The Transnational Corporationhow Does the Global Firm Keep It All Together

Spaces of Salehow and Where Do We Shop

Clusterswhy Do Proximity and Place Matter

Gendered Economies: Does Gender Shape Economic Lives

Ethnic Economiesdo Cultures Have Economies

Consumptionyou Are What You Buy

Economic Geography: Intellectual Journeys and Future Horizons

Filters

Exam 5: Environmenteconomy:

_______________ rights allow individuals to use resources but not own them.

In 1997, the signatories to the United Nations Framework Convention on Climate Change met in Kyoto, Japan, and developed an agreement that sought to:

In this model of ownership over a natural resource commodity, corporations pay some kind of licensing fee to extract a publicly owned natural asset--for example, when governments grant timber licenses to logging firms entitling them to extract wood from a defined territory.

The environment acts as a receiver of the outputs of production processes in the form of:

Economic thinking is concerned with assigning a current ____________________ to nature, allowing natural "things" to be integrated into a common framework of analysis.

In this model of ownership over a natural resource commodity, the benefits of extraction are shared by all citizens as government revenue:

The key transformation that occurs in the process of commodification is the ___________ of natural substances.

The process of privatizing the "commons,"-that is, causing a loss to many and rich benefits for just a few-is called:

Which of the following represent a common criticism of carbon trading:

Our engagement with the natural world is essentially mediated by ____________ relationships.

Environmental economics emerged in the 1970s as a subdiscipline dealing with the ____________ of a wide range of impacts associated with environmental degradation.

While the early 2000s saw the rapid emergence of state-linked resource corporations in the developing world, resources that were once the exclusive preserve of state-linked enterprises in the developed world became:

The role of state-linked companies in gaining access to land in areas where land markets and titling are not well established is a concern, with some calling this a:

In establishing an equilibrium price for a commodity, it is the volume of the commodity entering the market, a with the _____________________, which together determine the price.

The actual mechanism for determining the price of a commodity is in a market exchange where ___________________ come together.

Trading in commodity "futures" means that:

Different resources have different characteristics as commodities based on the fact that:

Economies are based upon the _________________ of nature.

Despite the fact that it is very difficult to extend complete private ownership over water, it is estimated that ________________ people worldwide are now served by private water companies.

The historical enclosure of common grazing lands throughout Europe to create private farms and estates was:

Thinking Geographically

The Economy: What Does It Mean

Capitalism in Motion: Why Is Economic Growth so Uneven

The Statewho Runs the Economy

Labor Power: Can Workers Shape

Making Money: Why Has Finance

Commodity Chainswhere Does

Technological Changeis the World Getting Smaller

The Transnational Corporationhow Does the Global Firm Keep It All Together

Spaces of Salehow and Where Do We Shop

Clusterswhy Do Proximity and Place Matter

Gendered Economies: Does Gender Shape Economic Lives

Ethnic Economiesdo Cultures Have Economies

Consumptionyou Are What You Buy

Economic Geography: Intellectual Journeys and Future Horizons

Filters