Question 1

Whose An Essay on the Principle of Population argued that human living standards could only temporarily rise above subsistence?

Accepted Answer

A)  Adam Smith
B)  Thomas Malthus
C)  John Maynard Keynes
D)  Alfred MarshallE) C) and D)
F) B) and C)

Question 2

It is generally easier to prevent deforestation than fishery collapse because

Accepted Answer

A)  it is easier to establish and enforce property rights on national lands than in international waters.
B)  there is greater incentive to have sustainable forests than sustainable fisheries.
C)  the demand for wood products has dropped significantly, while the demand for fish has grown significantly.
D)  All of the other possible answers are correct.E) A) and C)
F) B) and C)

Question 3

Governments in certain nations are considering adopting policies to raise their low birthrates because of the concern with having

Accepted Answer

A)  high rates of inflation.
B)  high rates of unemployment.
C)  too many soldiers for national defense.
D)  too few workers to support social programs.E) All of the above
F) C) and D)

Question 4

The average person in the United States generates about 10 pounds of trash per day.

Accepted Answer

A) True 
 B)False

Question 5

The amount of land covered by forests is

Accepted Answer

A)  declining in all nations.
B)  increasing in all nations.
C)  increasing in places like the United States and Western Europe, while declining in countries in South America.
D)  declining in places like the United States and Western Europe, while increasing in countries in South America.E) B) and D)
F) C) and D)

Question 6

Studies by economists indicate that economic growth and rising living standards are good for the environment because, as societies get richer, they tend to spend more on things that improve environmental quality.

Accepted Answer

A) True 
 B)False

Question 7

Over the past two decades, total and per capita water use in the United States have

Accepted Answer

A)  both increased.
B)  leveled off and fallen, respectively.
C)  fallen and leveled off, respectively.
D)  increased and fallen, respectively.E) A) and B)
F) A) and C)

Question 8

(Consider This)  Which of the following must occur for wind and solar power to displace coal and gas?

Accepted Answer

A)  Wind and solar producers must reduce the marginal cost of energy storage to below the marginal cost of using coal and gas.
B)  Government must continue to subsidize wind and solar power and heavily tax energy generated using coal and gas.
C)  Wind and solar producers must improve the ability of turbines and solar panels to generate power.
D)  Government must require that all wind and solar power plants be located in windy and sunny places, respectively.E) A) and D)
F) B) and C) A

Question 9

(Last Word)  Most economists view economic growth as

Accepted Answer

A)  good for the environment because richer economies spend more on environmental protection.
B)  bad for the environment because richer economies extract resources at a faster rate.
C)  good for the environment because richer economies produce fewer chemicals.
D)  bad for the environment because people in richer economies tend to care less about the environment.E) None of the above
F) B) and C)

Question 10

Fisheries have been overexploited relative to forests primarily because people care more about trees than fish.

Accepted Answer

A) True 
 B)False

Question 11

Human beings consume more both in absolute terms and on a per capita basis than they did 200 years ago.

Accepted Answer

A) True 
 B)False  True

Question 12

A plot of the Environment Performance Index (EPI)  scores for nations on the vertical axis and corresponding GDP per person on the horizontal axis shows that as

Accepted Answer

A)  GDP rises, EPI score falls.
B)  GDP rises, EPI score rises.
C)  GDP falls, EPI score rises.
D)  GDP falls, EPI score stays relatively constant.E) A) and B)
F) All of the above

Question 13

Modernizing economies that have declining birthrates may still experience population growth because of rapidly declining death rates.

Accepted Answer

A) True 
 B)False

Question 14

Energy efficiency requires that we employ

Accepted Answer

A)  only the lowest-cost energy inputs.
B)  only domestic energy sources.
C)  a mix of energy inputs, some of which are more expensive than others.
D)  imported energy inputs and save domestic resources for future use.E) None of the above
F) A) and B)

Question 15

Other things equal, extracting oil from shale becomes economically viable (same or lower cost than using conventionally extracted oil)  when oil prices reach or more per barrel.

Accepted Answer

A)  $80
B)  $60
C)  $50
D)  $40E) A) and B)
F) All of the above

Question 16

Renewable natural resources can never be exhausted.

Accepted Answer

A) True 
 B)False

Question 17

If the world runs out of oil, it will also run out of energy.

Accepted Answer

A) True 
 B)False  False

Question 18

Economists widely fear that the world will run out of energy in the next century.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following is not one of the points made in "Tragedy of the Commons"?

Accepted Answer

A)  Individual property rights play a crucial role in resource preservation.
B)  Common property will tend to be overexploited.
C)  Common property makes its users try to use as much as possible and as soon as possible.
D)  Individual property rights tend to be tragically abused by the owners.E) A) and D)
F) All of the above

Question 20

Consider an oil company that can pump oil from a reserve either this year or next year.As expected future profits decrease, the extraction quantity this year

Accepted Answer

A)  increases due to a higher user cost.
B)  increases due to a lower user cost.
C)  decreases due to a higher user cost.
D)  decreases due to a lower user cost.E) All of the above
F) A) and B)

Exam 19: Natural Resource and Energy Economics

Whose An Essay on the Principle of Population argued that human living standards could only temporarily rise above subsistence?

Correct AnswerverifiedShow Answer

It is generally easier to prevent deforestation than fishery collapse because

Correct AnswerverifiedShow Answer

Governments in certain nations are considering adopting policies to raise their low birthrates because of the concern with having

Correct AnswerverifiedShow Answer

The average person in the United States generates about 10 pounds of trash per day.

Correct AnswerverifiedShow Answer

The amount of land covered by forests is

Correct AnswerverifiedShow Answer

Studies by economists indicate that economic growth and rising living standards are good for the environment because, as societies get richer, they tend to spend more on things that improve environmental quality.

Correct AnswerverifiedShow Answer

Over the past two decades, total and per capita water use in the United States have

Correct AnswerverifiedShow Answer

(Consider This) Which of the following must occur for wind and solar power to displace coal and gas?

Correct AnswerverifiedA

(Last Word) Most economists view economic growth as

Correct AnswerverifiedShow Answer

Fisheries have been overexploited relative to forests primarily because people care more about trees than fish.

Correct AnswerverifiedShow Answer

Human beings consume more both in absolute terms and on a per capita basis than they did 200 years ago.

Correct AnswerverifiedTrue

A plot of the Environment Performance Index (EPI) scores for nations on the vertical axis and corresponding GDP per person on the horizontal axis shows that as

Correct AnswerverifiedShow Answer

Modernizing economies that have declining birthrates may still experience population growth because of rapidly declining death rates.

Correct AnswerverifiedShow Answer

Energy efficiency requires that we employ

Correct AnswerverifiedShow Answer

Other things equal, extracting oil from shale becomes economically viable (same or lower cost than using conventionally extracted oil) when oil prices reach or more per barrel.

Correct AnswerverifiedShow Answer

Renewable natural resources can never be exhausted.

Correct AnswerverifiedShow Answer

If the world runs out of oil, it will also run out of energy.

Correct AnswerverifiedFalse

Economists widely fear that the world will run out of energy in the next century.

Correct AnswerverifiedShow Answer

Which of the following is not one of the points made in "Tragedy of the Commons"?

Correct AnswerverifiedShow Answer

Consider an oil company that can pump oil from a reserve either this year or next year.As expected future profits decrease, the extraction quantity this year

Correct AnswerverifiedShow Answer

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A

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True

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False

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