Question 1

Between 1980 and 2008 recycling in the United States has

Accepted Answer

A) decreased by less than 2%. 
B) increased by less than 2%. 
C) doubled. 
D) tripled. 
A) decreased by less than 2%. 
B) increased by less than 2%. 
C) doubled. 
D) tripled.

Question 2

China,the last large communist society,

Accepted Answer

A) has proved that a command economy has far less pollution problems than capitalist economies. 
B) has urban smog levels higher than Los Angeles. 
C) has the world's most sophisticated pollution-control devices. 
D) has lowered its level of pollution dramatically since 1980. 
A) has proved that a command economy has far less pollution problems than capitalist economies. 
B) has urban smog levels higher than Los Angeles. 
C) has the world's most sophisticated pollution-control devices. 
D) has lowered its level of pollution dramatically since 1980.

Question 3

Major contributors to pollution are

Accepted Answer

A) individuals. 
B) firms. 
C) government. 
D) All of the above are correct. 
A) individuals. 
B) firms. 
C) government. 
D) All of the above are correct.

Question 4

Voluntarism often has proved to be weak and unreliable.Does it still have a place in controlling activities that damage the environment?

Accepted Answer

Yes,voluntary measures do have their pla

Question 5

A government currently uses price controls to hold down the price of zinc,an exhaustible resource.If price controls are removed,

Accepted Answer

A) production of zinc will probably fall. 
B) zinc mines with high marginal cost of production will probably stop producing. 
C) consumers of zinc will probably want substitutes for zinc. 
D) income will probably be redistributed from zinc producers to zinc consumers. 
A) production of zinc will probably fall. 
B) zinc mines with high marginal cost of production will probably stop producing. 
C) consumers of zinc will probably want substitutes for zinc. 
D) income will probably be redistributed from zinc producers to zinc consumers.

Question 6

Many of the new pollutants to which the world has been subjected are

Accepted Answer

A) less visible. 
B) less malodorous. 
C) far more dangerous. 
D) All of the above are correct. 
A) less visible. 
B) less malodorous. 
C) far more dangerous. 
D) All of the above are correct.

Question 7

Voluntary programs are dependable ways to protect the environment.

Accepted Answer

A) True 
 B)False

Question 8

Who of the following has been prominently accused of acting on the basis of the "edifice complex?"

Accepted Answer

A) the Environmental Protection Agency? 
B) A. C. Pigou 
C) the Army Corps of Engineers 
D) environmental activists 
A) the Environmental Protection Agency? 
B) A. C. Pigou 
C) the Army Corps of Engineers 
D) environmental activists

Question 9

Taxing pollution will encourage firms to reduce pollutants dumped in the atmosphere or in streams.

Accepted Answer

A) True 
 B)False

Question 10

When pollution emissions can be measured taxation will tend to be more effective than any other method of controlling pollution.

Accepted Answer

A) True 
 B)False

Question 11

Individuals and government have been contributors in harming the environment.

Accepted Answer

A) True 
 B)False

Question 12

Direct controls that impose equal percentage reductions in emissions on all firms in the area

Accepted Answer

A) impose the same costs on all firms. 
B) minimize the cost of pollution reduction. 
C) penalize firms that have already incurred some costs to reduce pollution. 
D) are the fairest way to distribute the burden 
A) impose the same costs on all firms. 
B) minimize the cost of pollution reduction. 
C) penalize firms that have already incurred some costs to reduce pollution. 
D) are the fairest way to distribute the burden

Question 13

Economists generally consider the use of taxes as the most efficient way of solving pollution problems.

Accepted Answer

A) True 
 B)False

Question 14

Increased concern about environmental problems derive partly from

Accepted Answer

A) concerns about increasing economic output. 
B) concerns about unemployment and inflation. 
C) new awareness that the problems exist. 
D) concerns about the quality of life. 
A) concerns about increasing economic output. 
B) concerns about unemployment and inflation. 
C) new awareness that the problems exist. 
D) concerns about the quality of life.

Question 15

Why do polluting firms overproduce? Use a completely and correctly labeled graph to illustrate your answer.

Accepted Answer

An appropriate diagram should resemble F

Question 16

Under perfect competition the price of a depletable resource whose cost of extraction is not changing must rise at

Accepted Answer

A) the same rate as the increase in GDP. 
B) the same rate as the increase in consumer prices. 
C) the same rate as the rate of interest. 
D) a rate higher than the increase in the rate of interest. 
A) the same rate as the increase in GDP. 
B) the same rate as the increase in consumer prices. 
C) the same rate as the rate of interest. 
D) a rate higher than the increase in the rate of interest.

Question 17

Why do most economists favor emissions taxes over direct controls as a pollution deterrent?

Accepted Answer

Direct controls require monitoring and e

Question 18

Briefly and concisely define the following terms.
a.voluntarism
b.direct controls
c.depletable resource

Accepted Answer

a.Voluntarism refers to a number of nonm

Question 19

Environmental destruction is peculiar to centrally planned economies.

Accepted Answer

A) True 
 B)False

Question 20

What is new about environmental problems today is

Accepted Answer

A) that for the first time in history we have environmental problems. 
B) the increased rate at which air and water pollution is occurring in the United States. 
C) the amount of attention the community now gives them. 
D) that environmental problems with pollution and garbage disposal have almost completely disappeared. 
A) that for the first time in history we have environmental problems. 
B) the increased rate at which air and water pollution is occurring in the United States. 
C) the amount of attention the community now gives them. 
D) that environmental problems with pollution and garbage disposal have almost completely disappeared.

Exam 17: Externalities, the Environment, and Natural Resources

Between 1980 and 2008 recycling in the United States has

China,the last large communist society,

Major contributors to pollution are

Voluntarism often has proved to be weak and unreliable.Does it still have a place in controlling activities that damage the environment?

A government currently uses price controls to hold down the price of zinc,an exhaustible resource.If price controls are removed,

Many of the new pollutants to which the world has been subjected are

Voluntary programs are dependable ways to protect the environment.

Who of the following has been prominently accused of acting on the basis of the "edifice complex?"

Taxing pollution will encourage firms to reduce pollutants dumped in the atmosphere or in streams.

When pollution emissions can be measured taxation will tend to be more effective than any other method of controlling pollution.

Individuals and government have been contributors in harming the environment.

Direct controls that impose equal percentage reductions in emissions on all firms in the area

Economists generally consider the use of taxes as the most efficient way of solving pollution problems.

Increased concern about environmental problems derive partly from

Why do polluting firms overproduce? Use a completely and correctly labeled graph to illustrate your answer.

Under perfect competition the price of a depletable resource whose cost of extraction is not changing must rise at

Why do most economists favor emissions taxes over direct controls as a pollution deterrent?

Briefly and concisely define the following terms. a.voluntarism b.direct controls c.depletable resource

Environmental destruction is peculiar to centrally planned economies.

What is new about environmental problems today is

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 I: the Price System

The Shortcomings of Free Markets

The Markets Prime Achievement: Innovation and Growth

Taxation and Resource Allocation

Pricing the Factors of Production

Labor and Entrepreneurship: The Human Inputs

Poverty, Inequality, and Discrimination

International Trade and Comparative Advantage

Filters