Chapter 1 Self-Study Quiz: Econ 3140
1.) Thomas Malthus suggested that population growth _
a.) would grow at a slower rate than land's potential to produce food
b.) would lead to strong and better societies
c.) and the land's potential to produce food wou
Study Guide for Exam 1, Econ 3140
1. What is the difference between static efficiency and dynamic efficiency?
a) Dynamic efficiency is useful for environmental policymaking while static efficiency
b) Dynamic efficiency allows us to evaluate resour
Economics of Natural Resources
Dr. Roy Boyd
April 25, 2013
The Keystone Pipeline XL and its Effects (Positive and Negative) on the Economy, Gas
Prices, and Jobs
This paper is going to explain the effects of the construction of the Keystone X
Definition Study Guide for Exam 1; Chapters 1-5
Economy that balances short term concerns (static efficiency) with concerns in the
long run (encouraging research and development)
Balances present and future value of a depletable resourc
Chapter 5 Quiz, Econ 3140
1.) What is the difference between static efficiency and dynamic efficiency?
a.) Dynamic efficiency allows us to evaluate resource allocations across time periods
while static efficiency looks at resource allocation where time is
Chapter 4 Quiz, ECON 3140
1.) What is the goal of benefit/cost analysis for decision-making by many federal agencies?
a.) To create jobs
b.) To protect the environment at any cost
c.) To choose the most economically feasible projects, given limited budget
Chapter 2 Quiz: Econ 3140
1.) Which of the following correctly identifies one of the main characteristics of an efficient
property rights structure?
a.) Exclusivity means that all benefits and costs accrued as a result of owning and using
the resources sh
Chapter 3 Quiz, ECON 3140
1.) Which of the following is NOT one of the steps to identifying an optimal outcome?
a.) Use knowledge of problems and behavioral causes as a basis for designing
appropriate policy solutions.
b.) Discern the extent to which our