Land Economics Test 1
Food and fiber production - Answers -Extractive uses of natural resource
Space and scenic values of land are - Answers -Non-extractive uses of natural resource
Whale watching is - Answers -Non-extractive use of natural resource
zoo animals are - Answers -Extractive uses of natural resource
Municipal and industrial supplies of irrigation are - Answers -Extractive uses of natural
resource
Forest products (e.g., timber) are - Answers -Extractive uses of natural resource
fertility of land - Answers -Extractive uses of natural resource
recreational boating is - Answers -Non-extractive use of natural resource
coal for fuel use is - Answers -extractive use of natural resource
backpacking in the forest is - Answers -non-extractive use of natural resource
Property rights must have the following characteristics to lead to a socially optimal
resource use: - Answers -all of the above
AS explained in the video lecture and notes, property rights includes exclusive rights of
possessing, enjoying and ___________of a thing. - Answers -disposing
Objectives of the public policy include being _________ and ____________. - Answers
-efficient and equitable
Among key characteristics of common properties are:
I. They are used in common by members of the communities and societies
II. Individuals and groups have historically exercised free and unlimited rights of entry
for the use
III. A user enjoys the privilege of excluding others from their uses. - Answers -I and II
only
Food and fiber production - Answers -Extractive uses of natural resource
Space and scenic values of land are - Answers -Non-extractive uses of natural resource
Whale watching is - Answers -Non-extractive use of natural resource
zoo animals are - Answers -Extractive uses of natural resource
Municipal and industrial supplies of irrigation are - Answers -Extractive uses of natural
resource
Forest products (e.g., timber) are - Answers -Extractive uses of natural resource
fertility of land - Answers -Extractive uses of natural resource
recreational boating is - Answers -Non-extractive use of natural resource
coal for fuel use is - Answers -extractive use of natural resource
backpacking in the forest is - Answers -non-extractive use of natural resource
Property rights must have the following characteristics to lead to a socially optimal
resource use: - Answers -all of the above
AS explained in the video lecture and notes, property rights includes exclusive rights of
possessing, enjoying and ___________of a thing. - Answers -disposing
Objectives of the public policy include being _________ and ____________. - Answers
-efficient and equitable
Among key characteristics of common properties are:
I. They are used in common by members of the communities and societies
II. Individuals and groups have historically exercised free and unlimited rights of entry
for the use
III. A user enjoys the privilege of excluding others from their uses. - Answers -I and II
only
