ECON 269 - ECONOMICS OF THE
ENVIRONMENT (FINAL EXAM)
QUESTIONS AND ANSWERS
With and Without Principle - Answer-Measures the costs of a regulation by running
two scenarios, one with the regulation and one without.
Sensitivity Analysis - Answer-This is an attempt to determine how net benefits will
change if specified parameters deviate from their anticipated values.
SRTP (social rate of time preference) - Answer-Present society has a collective
responsibility for future generations and the time preferences of the current
individuals should not dominate the choice of the social discount rate. (SDR < Market
Rate). Purely measures the social opportunity costs of forgone consumption, and
ignores crowding out.
Vehicle Bias (Embedding Bias) - Answer-Make sure survey does not become a
referendum on the payment vehicle.
Non-exclusive - Answer-Technologically impossible or too costly to exclude the
benefits from a second user once the good is provided to the first user.
Non-rivalry - Answer-One persons consumption does not significantly diminish
another persons consumption.
Aquaculture - Answer-The cultivation of seafood (mainly fish) through controlled
isolated areas of coastline or lakes.
Open Access Regulations - Answer-Government efforts to modify behavior of
participants in a fishery without affecting participation.
Fund Pollutants - Answer-A pollutant for which the environment has some absorptive
capacity.
Social Efficiency - Answer-where external costs and benefits are accounted for
Greenwashing - Answer-The misleading of consumers about the environmental
practices of a specific company or agent.
Impure Moral Suasion - Answer-'Voluntary' program backed up by an explicit or
implicit threat.
SLAPP (Strategic Lawsuit Against Public Participation) - Answer-Lawsuits meant to
silence critics by burdening them with costly legal fees that they cannot afford while
the company filing the suit is able to afford the legal costs.
ENVIRONMENT (FINAL EXAM)
QUESTIONS AND ANSWERS
With and Without Principle - Answer-Measures the costs of a regulation by running
two scenarios, one with the regulation and one without.
Sensitivity Analysis - Answer-This is an attempt to determine how net benefits will
change if specified parameters deviate from their anticipated values.
SRTP (social rate of time preference) - Answer-Present society has a collective
responsibility for future generations and the time preferences of the current
individuals should not dominate the choice of the social discount rate. (SDR < Market
Rate). Purely measures the social opportunity costs of forgone consumption, and
ignores crowding out.
Vehicle Bias (Embedding Bias) - Answer-Make sure survey does not become a
referendum on the payment vehicle.
Non-exclusive - Answer-Technologically impossible or too costly to exclude the
benefits from a second user once the good is provided to the first user.
Non-rivalry - Answer-One persons consumption does not significantly diminish
another persons consumption.
Aquaculture - Answer-The cultivation of seafood (mainly fish) through controlled
isolated areas of coastline or lakes.
Open Access Regulations - Answer-Government efforts to modify behavior of
participants in a fishery without affecting participation.
Fund Pollutants - Answer-A pollutant for which the environment has some absorptive
capacity.
Social Efficiency - Answer-where external costs and benefits are accounted for
Greenwashing - Answer-The misleading of consumers about the environmental
practices of a specific company or agent.
Impure Moral Suasion - Answer-'Voluntary' program backed up by an explicit or
implicit threat.
SLAPP (Strategic Lawsuit Against Public Participation) - Answer-Lawsuits meant to
silence critics by burdening them with costly legal fees that they cannot afford while
the company filing the suit is able to afford the legal costs.
