Test Bank For Environmental Economics and Management Theory Policy and Applications 6th Edition Scott Callan

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Test Bank For Environmental Economics and Management Theory Policy and Applications 6th Edition Scott Callan

ISBN-13: 978-1111826673, ISBN-10: 1111826676

CHAPTER 1
The Role of Economics in Environmental Management

TRUE-FALSE

  1. In the Circular Flow Model, money flows are disregarded.

Answer:   F

  1. Within the Circular Flow Model, households are assumed to be the owners of all factors of production, including the natural resources.

Answer:   T

  1. Residuals are by-products, or pollution, left in the environment after a technological or natural process as occurred.

Answer:   T

  1. The discipline concerned with the resource flow from economic activity back to nature is known as natural resource economics.

Answer:   F

  1. According to the first law of thermodynamics, matter and energy can be destroyed but not created.

Answer:   F

  1. Nature’s capacity to convert matter and energy is limitless.

Answer:   F

  1. According to BMW Group, plastics are among the simplest materials to recycle.

Answer:   F

  1. Natural pollutants are those linked to human activity.

Answer:   F

  1. Chemical wastes associated with the manufacturer of solvents are anthropogenic pollutants.

Answer:   T

  1. An airplane is a point source of pollution.

Answer:   T

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