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?
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