Question 1

Which of the following statements is true about falling birthrates?

Accepted Answer

A)  They tend to lag behind falling death rates, allowing population growth to continue for at least one or two more generations.
B)  They tend to precede declines in death rates, causing a temporary dip in population before it stabilizes in a generation or two.
C)  They tend to lag behind declining standards of living.
D)  They always cause population to decline.

Question 2

Why do some nations have growing or sustainable forests and other nations experience deforestation?

Accepted Answer

For the most part, differences in proper...

Question 3

If users can benefit from conservation, resources will be

Accepted Answer

A)  unprofitable.
B)  extracted at a fast rate.
C)  preserved for future use.
D)  overused in the present and the future.

Question 4

The total allowable catch (TAC) system differs from the individual transferable quota (ITQ) system in that

Accepted Answer

A)  TAC limits the total harvest of fish, while ITQ does not.
B)  ITQ limits an individual fishery's harvest, but TAC does not.
C)  TAC prevents an "individual arms race" among fisheries, whereas ITQ does not.
D)  ITQ does not offer significant cost-saving benefits, but TAC does.

Question 5

Fisheries have been overexploited relative to forests primarily because people care more about trees than fish.

Accepted Answer

A) True 
 B)False

Question 6

Global resource demand has

Accepted Answer

A)  remained relatively constant because increases in population have been offset by declining consumption per person.
B)  declined because of technological progress.
C)  remained constant because population growth and increased consumption per person have been offset by technological progress.
D)  increased because population growth and increased consumption per person have more than offset reduced demand due to technological progress.

Question 7

Since 1950, the energy efficiency of the U.S. economy in terms of producing goods and services has

Accepted Answer

A)  not changed.
B)  more than doubled.
C)  risen about 50 percent.
D)  risen more than threefold.

Question 8

Define total fertility rate and replacement rate. Use them to describe the population prospects for many developed countries.

Accepted Answer

The total fertility rate is the average ...

Question 9

Thomas Malthus argued that increases in living standards tend to reduce birthrates.

Accepted Answer

A) True 
 B)False

Question 10

In the case of conflict diamonds, the strict enforcement of property rights has led to too fast of a rate of extraction.

Accepted Answer

A) True 
 B)False

Question 11

The "replacement rate" is the birthrate necessary to

Accepted Answer

A)  keep a nation's population from decreasing.
B)  keep an able-bodied workforce in the economy.
C)  maintain the productivity level in an economy.
D)  maintain the standard of living of a nation.

Question 12

Which of the following is considered a renewable natural resource?

Accepted Answer

A)  aquifers
B)  coal
C)  petroleum
D)  iron

Question 13

Refer to the diagram. An increase in extraction costs could be shown by

Accepted Answer

A)  an increase in the first-year quantity extracted.
B)  a shift from TC₁ to TC₀ .
C)  a shift from TC₀ to TC₁.
D)  an upward shift of the price line.

Question 14

An oil company has the opportunity to extract oil from a reserve in three years with a per barrel profit of $100 per barrel. The current market rate of interest is 8 percent. The present value of this future extraction is about

Accepted Answer

A)  $93
B)  $108
C)  $126
D)  $79

Question 15

Future shortages in natural resource markets are not expected to occur widely due to

Accepted Answer

A)  reduced hours at work.
B)  reduced population growth.
C)  higher standards of living.
D)  higher per capita consumption.

Question 16

In the case of extraction of a nonrenewable resource, when user costs increase, it implies that expected future profits

Accepted Answer

A)  decrease, while the amount of current extraction increases.
B)  decrease, and the amount of current extraction decreases.
C)  increase, and the amount of current extraction increases.
D)  increase, while the amount of current extraction decreases.

Question 17

Wind and solar energy has many benefits over coal and gas. Are there any downsides? If so, discuss.

Accepted Answer

Yes, the downside to using wind turbines...

Question 18

Total allowable catch (TAC)

Accepted Answer

A)  explicitly limits the number of days in a season that particular fish may be caught.
B)  explicitly limits the number of boats allowed to fish in a particular area.
C)  explicitly limits the number or tonnage of fish that can be harvested from a particular fishery.
D)  issues tradable permits limiting the number of fish a particular fisher can catch.

Question 19

The total fertility rate

Accepted Answer

A)  measures the average number of children that a woman is expected to have during her lifetime.
B)  exceeds the replacement rate in countries with a falling population.
C)  equals the rate of population change over time.
D)  rises as income rises.

Question 20

Which of the following is not considered by demographers to be part of the three-step demographic transition?

Accepted Answer

A)  simultaneous low birthrates and death rates
B)  simultaneous high birthrates and death rates
C)  low birthrates and high death rates
D)  high birthrates and low death rates

Exam 19: Natural Resource and Energy Economics

The total fertility rate

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Since 1950, the energy efficiency of the U.S. economy in terms of producing goods and services has

Correct AnswerverifiedShow Answer

Future shortages in natural resource markets are not expected to occur widely due to

Correct AnswerverifiedShow Answer

The total allowable catch (TAC) system differs from the individual transferable quota (ITQ) system in that

Correct AnswerverifiedShow Answer

The "replacement rate" is the birthrate necessary to

Correct AnswerverifiedShow Answer

Why do some nations have growing or sustainable forests and other nations experience deforestation?

Correct AnswerverifiedFor the most part, differences in proper...View AnswerShow Answer

In the case of extraction of a nonrenewable resource, when user costs increase, it implies that expected future profits

Correct AnswerverifiedShow Answer

If users can benefit from conservation, resources will be

Correct AnswerverifiedShow Answer

Wind and solar energy has many benefits over coal and gas. Are there any downsides? If so, discuss.

Correct AnswerverifiedYes, the downside to using wind turbines...View AnswerShow Answer

Thomas Malthus argued that increases in living standards tend to reduce birthrates.

Correct AnswerverifiedShow Answer

Which of the following statements is true about falling birthrates?

Correct AnswerverifiedShow Answer

In the case of conflict diamonds, the strict enforcement of property rights has led to too fast of a rate of extraction.

Correct AnswerverifiedShow Answer

An oil company has the opportunity to extract oil from a reserve in three years with a per barrel profit of $100 per barrel. The current market rate of interest is 8 percent. The present value of this future extraction is about

Correct AnswerverifiedShow Answer

Fisheries have been overexploited relative to forests primarily because people care more about trees than fish.

Correct AnswerverifiedShow Answer

Global resource demand has

Correct AnswerverifiedShow Answer

Which of the following is considered a renewable natural resource?

Correct AnswerverifiedShow Answer

Which of the following is not considered by demographers to be part of the three-step demographic transition?

Correct AnswerverifiedShow Answer

Refer to the diagram. An increase in extraction costs could be shown by

Correct AnswerverifiedShow Answer

Total allowable catch (TAC)

Correct AnswerverifiedShow Answer

Define total fertility rate and replacement rate. Use them to describe the population prospects for many developed countries.

Correct AnswerverifiedThe total fertility rate is the average ...View AnswerShow Answer

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For the most part, differences in proper...
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Yes, the downside to using wind turbines...
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Correct Answer
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Correct Answer
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Correct Answer
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The total fertility rate is the average ...
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