13. Standard economic theory generally assumes that ...

D) resources are substitutable.

5. Which one of the following statements is false?

A)The econ opt level of pol based on stand..less than the absorp capacity..

17. Which one of the following statements about sustainability is false?

B) Strong sustainability seeks to maximize human welfare over time.

16. Which one of the following statements is true?

C)Instituting strong sustain would require extens govt intervent in markets

19. The view that humans should minimize interference with natural systems is called ...

A) the precautionary principle.

18. In contrast to standard economics, ecological economics favors making decisions ...

C) Based on long-term sustainability criteria.

20. Which one of the following statements is true?

C)Natural capt depreciation can be accounted for using satellite accounts

4. Which one of the following statements about national accounting is false?

D)Satellite accounts provide monetary estimates of the depletion of capital

11. How does humanity’s current ecological footprint compare with the available land...

C) Humanity’s ecological footprint is about 160% of biocapacity.

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Chapter 9 Env Econ

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Questions 20

Answers

1
13. Standard economic theory generally assumes that ...
C) throughput should be minimized.
A) humans are in a “full-world” stage of development.
D) resources are substitutable.
B) natural cap depreciation needs to be incorporated into national accounts
2
1. Which one of the following is not an example of natural capital?
C) A road
B) A river
D) soil
A) The ozone layer
3
15. What type of sustainability generally assumes limited substitutability among resources?
A) open sustainability
D) strong sustainability
B) closed sustainability
C) weak sustainability
4
12. What comprises the largest share of humanity’s ecological footprint?
D) Carbon emissions
B) Fishing
A) Forestry
C) Urban development
5
8. The global ecosystem (except for solar energy) is generally considered to be a(n) ...
A) closed system
C) strong system
B) open system
D) weak system
6
9. Which one of the following economists has argued that the ecosystem imposes scale limits...
D) John Maynard Keynes
A) Herman Daly
C) David Ricardo
B) John Hicks
7
5. Which one of the following statements is false?
C)Satellite accounts indicate abund or scarcity of nat resources over time
A)The econ opt level of pol based on stand..less than the absorp capacity..
B)Standard econ theory generally assumes substitutability between resources
D)Complement suggests both nat & manuf capital are necessary for production
8
10. According to recent studies, about what percentage of the net primary product of ....
A) 5%
D) 55%
B) 10%
C) 25%
9
7. The human economic system is generally considered to be a(n) ...
D) weak system
C) strong system
A) closed system
B) open system
10
17. Which one of the following statements about sustainability is false?
B) Strong sustainability seeks to maximize human welfare over time.
A) Weak sustain assumes human capital can sub for natural capital
C) Strong sustainability would maintain natural capital stocks.
D) Weak sustainability would require government intervention.
11
16. Which one of the following statements is true?
B) Strong sustainability is easier to achieve that weak sustainability.
D) Strong sustainability is aligned with traditional economic theory.
C)Instituting strong sustain would require extens govt intervent in markets
A) Strong sustain assumes that most resources can be subs for one another
12
19. The view that humans should minimize interference with natural systems is called ...
A) the precautionary principle.
C) Weak sustainability
D) absorptive capacity.
B) Strong sustainability
13
18. In contrast to standard economics, ecological economics favors making decisions ...
A) Based on market discount rates.
C) Based on long-term sustainability criteria.
B) Based on the productivity of capital.
D) Based on maximum extraction rates for resources.
14
14. What type of sustainability is generally associated with standard economic theory?
D) strong sustainability
A) open sustainability
C) weak sustainability
B) closed sustainability
15
20. Which one of the following statements is true?
B) The human economic system is generally considered a closed system.
D) The use of market-based discount rates assures inter-generational equity
C)Natural capt depreciation can be accounted for using satellite accounts
A)Standard cost-benefit analysis is based on the precautionary principle.
16
6. The combined input and waste flows in a system is called ...
D) weak sustainability
C) throughput
B) scale
A) absorptive capacity.
17
4. Which one of the following statements about national accounting is false?
C) A negative net investment implies a decline in national wealth.
A) Net investment implies that productive capital is increasing over time.
D)Satellite accounts provide monetary estimates of the depletion of capital
B) Capital depreciation accounts for wearing-out of capital over time.
18
3. Suppose you receive $10,000 and the prevailing interest rate is 10%...
B) 10,000
C) 1,000
D) 100
A) 100,000
19
11. How does humanity’s current ecological footprint compare with the available land...
A) Humanity’s ecological footprint is about 85% of biocapacity.
D) Humanity’s ecological footprint is about 260% of biocapacity.
C) Humanity’s ecological footprint is about 160% of biocapacity.
B) Humanity’s ecological footprint is about 120% of biocapacity.
20
2. The process of adding to productive capital over time is referred to as ...
B) net disinvestment.
D) strong sustainability
C) net investment
A) capital depreciation.

Chapter 9 Env Econ Flashcards | StudBud