Explain how marginal cost trends are likely to behave


Questions:

Question 1 Question
Oyster reefs, which used to line the coasts of New York and New Jersey, could have lessened the impact of Hurrican Sandy's flood damage.

A) True
B) False
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Question 2 Question
The huge amounts of water required for hydraulic fracturing all ends up as toxic waste that is completely removed from the hydrologic cycle.
A) True
B) False
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Question 3 Question
Based on trial-and-error experience, and theoretical results, command-and-control policies have proven to be the most efficient way to implement environmental regulations.
A) True
B) False
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Question 4 Question
The Clean Water Act has been widely violated for decades since its passage in 1972 due to lack of enforcement by state agencies charged with implementing it.
A) True
B) False
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Question 5 Question
The State Forest Service of CSU has been helping with the pine beetle epidemic in Colorado by buying up much of dead timber and selling the lumber.
A) True
B) False
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Question 6 Question
Economic rent is the difference in what a factor of production receives and the maximum payment required to keep it in use.
A) True
B) False
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Question 7 Question
Water mining refers to taking water out of an aquifer equal to its recharge rate.
A) True
B) False
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Question 8 Question
Riparian and prior appropriation waters law will often be inefficient, from an economic standpoint, in how they allocate water.
A) True
B) False
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Question 9 Question
Dr Steingraber's conclusion about the regulatory system that is supposed to protect our environment is that:

A) current laws and regulations are adequate.
B) air pollution regulations are adequate, but water pollutions regulations are not.
C) the entire regulatory system is deaf to what science is saying about how polluted the environment is.
D) there is not enough scientific information for regulators to make informed decisions.
The expected punishment cost is equal to

Question 10 options:
A) punishment cost / punishment probability
B) punishment probability / punishment cost
C) punishment probability x punishment cost
D) punishment cost + punishment probability

Question 11 Question
The Millinium Ecosystem Assessment was
A) a report by the EPA about the potential impacts from 1,000 year weather events.
B) a survey by the United Nations about the impact of economic development on global ecosystems over the past millinium.
C) a report by the EU about the global decline in all major ecosystems on the planet.
D) a report by the United Nations about the global decline in all major ecosystems on the planet.

Question 12 Question
With regards to ecosystem services, the key unsolved problem is
A) understanding how to value how species relate to each other within an ecosystem.
B) understanding how to value how species relate to the global ecosystem from within their local ecosystem.
C) how to place monetary value on the renewable resources within an ecosystem.
D) how to include the value of ecosystem services in a monetary economy.

Question 13 options:

Tar sands oil, mountain top removal for coal, deep sea oil drilling and fracking, according to Dr Steingraber, are all examples of

Question 14 Question
The three basic types of standards that can be used in command-and-control regulations are
and

Question 15 Question
The alternate approach to environmental regulation besides command-and-control standards are
policies.

Question 16 options:
The central task of regulators that are charged with implementing an environmental law, is to translate
language into
metrics through which the law can be enforced.

Question 17 options:
The pattern of population growth over time by most biological species can be described by a mathematical relationship known as a

Question 18 options:
Under the 1996 Sustainable Fisheries Act, if a fish species falls below
percent of its natural population, fishing must be halted until it has regained
percent of its natural population level.

Question 19 Question
The United Nations has declared that the four categories of valuing ecosystem services are
, and
Question 20 Question

TAC, with regards to catch share fishery programs, means

Question 21 Question
For a regulator faced with setting up a new program, how is a tradable emissions market like a Wall Street IPO?

Question 22 Question
How did the New York Times collect the large amount of information that it used to created the Toxic Water series of articles about the Clean Water Act?

Question 23 Question
What is the basic reason that the valuing of ecosystem services provided by a renewable resource should be given a higher priority than the valuing of the profits that can be made form them?

Question 24 Question
Hubbert's Peak, a prediction published in 1956, did what and by whom?

Question 25 Question
Prior appropriation, with regard to Western water law, means:

Question 26 Question
A Pigovian tax seeks to correct what?

Question 27 Question
Toxic trespass, as Dr Steingraber defines it, means what?

Question 28 Question
Explain what are the economic arguments for using tradable emission rights. What are some of the developments that have resulted in the practice of such markets?

Question 29 Question
Explain how marginal cost trends are likely to behave with regards to non-renewable and renewable energy sources in the foreseeable future, and how the political debate over them will impact their pricing.

Question 30 Question
Explain some of the advantages of a carbon tax over a cap-and-trade approach to curbing the production of greenhouse gases.

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Microeconomics: Explain how marginal cost trends are likely to behave
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