Environmental Economics And Management Theory Policy and Applications International 6th Edition By Scott J. Callan Test Bank
CHAPTER 1
The Role of Economics in Environmental Management
TRUE-FALSE
- In the Circular Flow Model, money flows are disregarded.
Answer: F
- Within the Circular Flow Model, households are assumed to be the owners of all factors of production, including the natural resources.
Answer: T
- Residuals are by-products, or pollution, left in the environment after a technological or natural process as occurred.
Answer: T
- The discipline concerned with the resource flow from economic activity back to nature is known as natural resource economics.
Answer: F
- According to the first law of thermodynamics, matter and energy can be destroyed but not created.
Answer: F
- Nature’s capacity to convert matter and energy is limitless.
Answer: F
- According to BMW Group, plastics are among the simplest materials to recycle.
Answer: F
- Natural pollutants are those linked to human activity.
Answer: F
- Chemical wastes associated with the manufacturer of solvents are anthropogenic pollutants.
Answer: T
- An airplane is a point source of pollution.
Answer: T
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