Chapter 23 Study Guide

Which of the following is a nonuse value?

a. existence value

A free-market system operating without government interference requires that sellers

a. not coerce or mislead sellers or competitors

A drawback to implementing environmental taxes and fees is that it

a. penalizes low-income groups unless safety nets are provided.

Subsidies and tax breaks for environmentally harmful businesses cost the world's taxpayers what amount per year?

a.$2 trillion

The measurement of the annual economic value of all goods and services within a country is called the

a.GDP

Which of the following is a strategy recommended by environmental economists to help make the transition away from unsustainable economic growth?

b. Fine and existing economic systems and tools

Ecological succession occurs when_____.

b. changes in environmental conditions enable certain species that are no longer favored by the changing economic conditions.

Which of the following is NOT a factor in cost benefit analysis.

b. considering only the most likely outcomes

Which of the following is not an external cost of driving a domestic car?

b. cost of manufacture

The point at which the supplier's price matches what buyers are willing to pay for some quantity of a good service is called

b. market price equilibrium point

Neoclassical economists beliefs include all of the following except

b.compete, but don't annihilate

Since, 1980, the wealth gap between the rich and the poor has

b.increased

Which of the following includes services and resources produced by the earth's natural processes?

b.natural capital

All of the following are ideas of ecological economists,except

c. Continuing economic growth is necessary for providing businesses with profits.

Which of the following is not true about green taxes?

c. Green taxes can reduce pollution and greenhouse gas emissions.

The discount rate

c. an estimate of a resource's future economic value compared to the present

Market do well in the production and distribution of private goods, but are not so good at

c. public services

The optimum level of pollution control is reached when

c. the marginal cost of pollution control intersects with the marginal cost of pollution.

All of the following are direct costs of an automobile,except

c.pollution and health

A team of ecologists and economics estimated the yearly ecological services provided by the earth's forests amount to

d. $4.7 trillion

What are the advantages of environmental taxes?

d. All of the Above

Which of the following is an economic decision-making tool that involves determining who/what may be affected,projecting outcomes, and establishing who benefits or is harmed?

d. cost benefit analysis

__attempt(s) to boost economic growth by increasing the flow of matter and energy from the environment yield goods and services.

d. high-throughput economies

A car buyer and others in society,pay hidden costs of car ownership in the form of all of the following

d. housing contruction

Tradable environmental permits have all of the following advantages,expect

d. permits prices determined by market transactions

Societies that have more sustainable economic systems have all of the following components in terms of ecology and population,expect

d. reduced income from natural capital

According to the World Bank, what percentage of the world's people are classified as living in poverty?

d.50%

All of the following are economics goods,expect

d.a walk in the woods

Government intervene in markets to do all of the following,expect

d.direct production of goods and services

Levying taxes on each unit of pollution discharged into the air or water is an example of

d.green taxes