4089220298

4089220298 - ENVS 25 Political Economy & the...

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Unformatted text preview: ENVS 25 Political Economy & the Environment Thursday January 21, 2010 6:00 pm Section EXTERNALITIES, EFFICIENCY & SAFETY STANDARDS REMINDERS Ofc hrs: Weds 9 -10:45 Nat Sci 487 Readings for 1/26 now on WebCT Pop Quizzes due by midnight on day assigned! Please hit submit! Upcoming Midterm: Feb. 4 th Midterm Review Section 1/28 by JB SECTION AGENDA GDP: RFK speech: here Review Quiz 3 Goodstein Ch. 3, 4 & 5 review Group Activity Relevant Applications Questions/comments QUIZ 3 REVIEW mean = 3.25 Why should environmental economists care about elasticity? a.One can better understand how a change in worldview will affect sustainability b.Elastic substances can contain high levels of toxins c.Inelastic demand is a result of market failure d.Taxing a good with inelastic demand may not result in less consumption e.None of the above QUIZ 3 REVIEW Why should environmental economists care about elasticity? a.One can better understand how a change in worldview will affect sustainability b.Elastic substances can contain high levels of toxins c.Inelastic demand is a result of market failure d.Taxing a good with inelastic demand may not result in less consumption e.None of the above QUIZ 3 REVIEW In class on Tuesday (1/19), James showed a couple of youtube clips about a.rain forests b.gas prices c.bean and cheese burritos d.fisheries e.none of the above QUIZ 3 REVIEW In class on Tuesday (1/19), James showed a couple of youtube clips about a.rain forests b.gas prices c.bean and cheese burritos d.fisheries e.none of the above QUIZ 3 REVIEW Externalities are a.costs not included in the equilibrium price of a good b.pollution ones feels outside of the build environment c.attempts by environmentalists to reduce pollution d.not much of a concern for the environment e.always the result of a public good that is owned by private interests QUIZ 3 REVIEW Externalities are a.costs not included in the equilibrium price of a good b.pollution ones feels outside of the build environment c.attempts by environmentalists to reduce pollution d.not much of a concern for the environment e.always the result of a public good that is owned by private interests QUIZ 3 REVIEW According to Goodstein, the polluter pays principle is more efficient than having victims pay because it a. reduces free riding b. reduces transaction costs c. does not create a long run incentive to pollute more d. all of the above e. none of the above...
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4089220298 - ENVS 25 Political Economy & the...

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