Quiz on Environmental Economics
Question 1
What is Environmental Economics?
A) A branch of economics that studies the financial aspects of environmental issues
B) A branch of economics that studies the social aspects of environmental issues
C) A branch of economics that studies the economic aspects of environmental issues
D) A branch of economics that studies the legal aspects of environmental issues
Answer: C) A branch of economics that studies the economic aspects of environmental issues
Question 2
True or False: Environmental economics is concerned with the costs and benefits of environmental protection.
Answer: True
Question 3
Which of the following is an example of an environmental economic policy?
A) A carbon tax
B) A cap and trade system
C) A water conservation program
D) A renewable energy subsidy
Answer: A) A carbon tax
Question 4
Fill in the blank: The ___________ is an economic model used to calculate the optimal level of environmental protection.
Answer: Coase Theorem