Environmental_Economics_-_exam_1 thru 4

Environmental_Economics_-_exam_1 thru 4 - Environmental...

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Environmental Economics Economic 527 Exam 1 Friday, February 11, 2000 10:30-11:25 a.m. E.W. Nafziger Waters 350 Fill out your answer card with a number 2 pencil, indicating student ID number, test version number, and answers for the 15 multiple-choice questions. Note that the 15 multiple choice questions count 45 points, the first essay (#16) counts 35 points, and the last essay (#17) counts 20 points. Allocate your time carefully. 1-15. Multiple choice (45 points, about 23 minutes) – fill the circle completely for the letter that corresponds to the best answer. 1. Environmental resources are a. the gross production value of the world’s goods and services b. the maintenance of the productivity of natural, produced, and human assets to the next generation c. resources provided by nature that cannot be allocated unit by unit d. the total amount of solar energy converted into biochemical energy through plant photosynthesis 2. Which of the following are reasons why conventional microeconomic principles cannot be used to study the allocation of environmental and natural resources? a. conventional economics is static, generally neglecting future implications of investment decisions b. environmental and natural resources are often public goods, not subject to the exclusion principle c. many decisions about environmental and natural resources are irreversible d. all of the above e. none of the above 3. Sustainable development means maximizing a. economic growth b. income inequality c. the productivity of produced assets d. none of the above 4. Which of the following reduces the planet’s carrying capacity? a. increased resources b. increased land erosion c. reduced inequality d. technological improvement 5. Which of the following did Malthus’s analysis of population and food fail to envision?
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a. improved contraceptives b. rapid technological change c. both of the above d. neither of the above 6. Which of the following factors contributed to the dramatic change in world population growth from 1900-50 to 1950-2000? a. a fall in both birth and death rates, but a faster decrease in birth rate than in death rate b. a fall in both birth and death rates, but a faster decrease in death rate than in birth rate c. an increase in birth rate and a fall in death rate d. an increase in both birth and death rates, but a faster increase in birth rate 7. The demographic transition is a. the period between preindustrial and modern equality of crude birth and death rates b. the period when both crude birth and death rates rise c. the period when crude birth and death rates are equal d. both a and c are correct e. none of the above is correct 8. What, if any, is the statistical relationship between birth rate and GNP per capita? a. birth rates fall as GNP per capita increases
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Environmental_Economics_-_exam_1 thru 4 - Environmental...

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