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ECON 2260 Western University Environmental Quality Questions

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Economics
School
Western University
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Econ 2260 Shauna McAuley-Bax
1
Instructor: Shaun McAuley-Bax
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Econ 2260 Shauna McAuley-Bax
2
Chapter 1
1. Sarah tends to have more incentive to take care of her private property than
public property. This is because
a. when Sarah takes care of public property she benefits herself.
b. when Sarah takes care of her private property she benefits herself.
c. when other people take care of Sarah’s private property they benefit
Sarah.
d. when other people take care of public property they benefit Sarah.
2. Which of the following could eliminate the trade-off between environmental
quality and production of goods and services?
a. Discovery of more oil reserves
b. Improvements in abatement technology.
c. The sacrifice of a small amount of goods and services in order to help
the environment.
d. All of the above.
3. Which of the following statements best represents an economic approach to
solving environmental problems?
a. People should recycle more out of obligation toward preserving the
planet for future generations.
b. Reducing pollution does not generate as much social benefits as
production of goods and services.
c. Pollution from vehicles should be reduced by restricting the days per
week drivers are allowed to use the roads.
d. Making polluters pay for their pollution will help reduce pollution.
4. Consider the production possibility frontier for production of goods and
services (Q
G&S
) and environmental quality (EQ). Which of the following will
happen if there is both an improvement in technology for production of
goods and services and an investment in cleaning up lakes and rivers?
a. There will be an increase in Q
G&S
at each level of EQ.
b. There will be an increase in EQ at each level of Q
G&S
.
c. EQ
max
will increase.
d. All of the above.
5. Why is free riding a problem for improving environmental quality?
a. Free riding leads to an insufficient allocation of resources toward
environmental quality.
b. Free riding is a rational choice for individuals.
c. Both a and b.
d. Neither a nor b.

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Econ 2260 Shauna McAuley-Bax Instructor: Shaun McAuley-Bax Please note that questions that start with *** may have more than one correct answer. 1 Econ 2260 Shauna McAuley-Bax Chapter 1 1. Sarah tends to have more incentive to take care of her private property than public property. This is because a. when Sarah takes care of public property she benefits herself. b. when Sarah takes care of her private property she benefits herself. c. when other people take care of Sarah’s private property they benefit Sarah. d. when other people take care of public property they benefit Sarah. 2. Which of the following could eliminate the trade-off between environmental quality and production of goods and services? a. Discovery of more oil reserves b. Improvements in abatement technology. c. The sacrifice of a small amount of goods and services in order to help the environment. d. All of the above. 3. Which of the following statements best represents an economic approach to solving environmental problems? a. People should recycle more out of obligation toward preserving the planet for future generations. b. Reducing pollution does not generate as much social benefits as production of goods and services. c. Pollution from vehicles should be reduced by restricting the days per week drivers are allowed to use the roads. d. Making polluters pay for their pollution will help reduce pollution. 4. Consider the production possibility frontier for production of goods and services (QG&S) and ...
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