SampleMidterm - University of California, Santa Barbara...

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University of California, Santa Barbara Bren School of Environmental Science & Management Midterm, ESM 204 February 14, 2006 Directions (please read): Please answer all questions in your exam book, not on this sheet. This is a closed book exam. You may not use any aids except for one 8.5”x11” sheet of paper with notes (both sides). Calculators, slide rules or abacuses are ok, but NOT COMPUTERS. On the front of your exam book write the following statement and then sign the statement: “In accordance with the Bren Honor Code, I have not given nor accepted aid on this exam.” Write your perm number and name on the exam book. There are four pages to this exam. ESM 204 Midterm, Feb 2006 4 pages total 1
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Part I (5 points per question). Answer each question True or False and provide a brief (one or two lines) reason for your answer. 1. You work for the South Coast Air Quality Management District in LA. Your boss tells you that he needs to find the most efficient way of achieving the primary air quality standard for ozone (which is a maximum concentration over the region). You decide that you need to do a cost-effectiveness analysis and not a cost-benefit analysis to address his concerns. 2. Kelman feels that although cost-benefit analysis is an appropriate way to make public decisions, sometimes it is very hard to value environmental benefits. 3. At a discount rate of 3% annually, $100 today is equivalent to $97 next year.
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This note was uploaded on 08/06/2008 for the course ESM 204 taught by Professor Kolstad during the Winter '08 term at UCSB.

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SampleMidterm - University of California, Santa Barbara...

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