Environmental Economics 4th Canadian Edition By Barry C Field Test Bank

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Edition:  4th Edition

Format: Downloadable ZIP Fille

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

Environmental Economics 4th Canadian Edition By Barry C Field Test Bank

ISBN-13: 9780070893108 (978-0-07-089310-8)
ISBN-10: 0070893101 (0-07-089310-1)
1. A(n) ________ in the economic world is something that leads people to channel their production and consumption efforts in a specific direction.

A. moral obligation

 

B. economic incentive

 

C. property right

 

D. ethical motive

 

2. Any economic system will produce destructive environmental impacts if the ________ within the system are not structured to avoid them.

A. ethics

 

B. prices

 

C. property rights

 

D. incentives

 

3. A small coastal community with the power to control access to its scallop fishery is an example of ________.

A. common property rights

 

B. private property rights

 

C. an open access resource

 

D. a positive externality

 

4. A common pasture on which anyone is allowed to freely graze sheep or cattle is an example of ________.

A. private property rights

 

B. an open access resource

 

C. common property rights

 

D. community property rights

 

5. The ________ level of pollution can be negotiated privately based on property rights when only a few parties are involved and the source, amount and type of pollution is clearly identifiable.

A. cost-effective

 

B. zero-emissions

 

C. fair

 

D. socially efficient

 

6. When you enjoy the view of your neighbour’s prize-winning garden, this is an example of ________.

A. common property rights

 

B. a positive externality

 

C. a negative externality

 

D. a public good

 

7. When we drive our cars, we get the ________ of transportation services, while others experience the detrimental effects such as pollution and congestion which environmental economists refer to as a(n) ________.

A. positive externality; negative externality

 

B. direct benefit; opportunity cost

 

C. direct benefit; negative externality

 

D. positive externality; opportunity cost

 

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