ENEC 201 Midterm (Revised) Questions and Answers | Latest Version | 2024/2025 | 100% Pass
2 vues 0 fois vendu
Cours
ENEC 201
Établissement
ENEC 201
ENEC 201 Midterm (Revised) Questions
and Answers | Latest Version | 2024/2025
| 100% Pass
What is the concept of "externality" in economics?
An externality is an impact on a third party that is not directly involved in an economic
transaction, like pollution affecting the public.
How ca...
ENEC 201 Midterm (Revised) Questions
and Answers | Latest Version | 2024/2025
| 100% Pass
What is the concept of "externality" in economics?
✔✔An externality is an impact on a third party that is not directly involved in an economic
transaction, like pollution affecting the public.
How can a carbon tax help reduce emissions?
✔✔A carbon tax increases the cost of emitting greenhouse gases, incentivizing businesses and
individuals to reduce their emissions.
What does "sustainable development" aim to achieve?
✔✔Sustainable development aims to meet current needs without compromising the ability of
future generations to meet their own needs.
Why is cost-benefit analysis important in environmental policy?
✔✔It helps policymakers weigh the economic benefits of an action against its environmental and
social costs.
1
,What is the purpose of a cap-and-trade system?
✔✔Cap-and-trade limits total emissions by allowing companies to buy or sell allowances,
encouraging reductions.
What does "tragedy of the commons" refer to?
✔✔It describes how individuals, acting in their self-interest, can deplete shared resources,
harming everyone in the long run.
How does an emissions trading system work?
✔✔It sets a cap on emissions and allows companies to trade emission permits, creating a
financial incentive to reduce emissions.
What role does marginal cost play in pollution control?
✔✔Marginal cost is the cost of reducing one additional unit of pollution, helping to find the most
cost-effective level of reduction.
Why might governments subsidize renewable energy?
✔✔To encourage the use of cleaner energy sources and reduce reliance on fossil fuels.
2
, What is "natural capital"?
✔✔Natural capital includes resources like forests, water, and minerals that provide valuable
services to the economy and environment.
How does discounting affect environmental policy decisions?
✔✔Discounting values future costs and benefits less than current ones, influencing long-term
policy decisions.
What does "ecosystem service valuation" mean?
✔✔It involves assigning a monetary value to the benefits provided by ecosystems, like clean air
and water.
What is meant by "non-market valuation" in environmental economics?
✔✔Non-market valuation estimates the economic value of environmental goods that aren't
traded in markets, like scenic views.
How does the Coase theorem relate to pollution control?
✔✔The Coase theorem suggests that if property rights are well-defined, private parties can
negotiate solutions to pollution without government intervention.
3
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur SterlingScores. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €9,23. Vous n'êtes lié à rien après votre achat.
