Environmental Economics 4th Canadian Edition by Barry C Field – Test Bank
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Student: ___________________________________________________________________________
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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 |
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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 |
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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 |
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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 |
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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 |
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