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Environmental economics: Quiz

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Question 1: Environmental economics was a major influence for the theories of natural capitalism and environmental finance, which could be said to be two sub-branches of environmental economics concerned with resource conservation in production, and the ________ to humans, respectively.
NatureBiodiversityConservation biologyMeasurement of biodiversity

Question 2: This concern is related to the subfield of sustainable development and its political relation, the ________.
Anti-globalization movementAnti-corporate activismThe Yes MenAnti-consumerism

Question 3: ________: the basic idea is that an externality exists when a person makes a choice that affects other people that are not accounted for in the market price.
ExternalityPublic goodEnvironmental economicsEconomics

Question 4: They apply the tools of economics to address environmental problems, many of which are related to so-called market failures—circumstances wherein the "________" of economics is unreliable.
Ludwig von MisesAdam SmithLaissez-faireInvisible hand

Question 5: Non-use values are usually estimated using stated preference methods such as ________ or choice modelling.
Contingent valuationExxon Valdez oil spillExistence valueEmbedding effect

Question 6: Those are also called "Intrinsic value" in "________".
Green anarchismGreen politicsDeep ecologyEco-socialism

Question 7: Another context in which externalities apply is when globalization permits one player in a market who is unconcerned with ________ to undercut prices of another who is - creating a "race to the bottom" in regulations and conservation.
Conservation biologyEcologyNatureBiodiversity

Question 8: Many markets for "pollution rights" have been created in the late twentieth century—see ________.
BiofuelCarbon footprintEmissions tradingExtinction risk from global warming

Question 9: Usually this is done using ________.
Cost overrunBenefit-cost ratioCost-benefit analysisCost-utility analysis

Question 10: This field takes as its premise that economics is a strict subfield of ________.
BiologyEcosystemBotanyEcology







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