| 1. |
Good or bad that is both non-rival and non-excludable is a |
A. |
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Private good / bad |
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B. |
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Public good / bad |
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C. |
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Optimal good / bad |
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D. |
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None of the above |
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| 2. |
Aggregate Demand for rival goods is determined by summing individual demand curves ___________ and for non-rival goods is obtained by summing individual demand curves ___________ . |
A. |
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horizontally , vertically |
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B. |
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horizontally , obliquely |
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C. |
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vertically , horizontally |
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D. |
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obliquely , vertically |
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| 3. |
A Pigovian Fee is a charge per unit of pollution generated, set equal to the _______ at the efficient level of pollution generation. |
A. |
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Marginal damage of pollution |
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B. |
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Marginal cost of pollution |
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C. |
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Marginal benefit of pollution |
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D. |
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Marginal social damage of pollution |
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| 4. |
Following are the categories of Economic Incentives for environmental regulation |
A. |
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Emission Fees, Marketable Permits. |
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B. |
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Marketable Permits , Liability. |
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C. |
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Only Marketable Permits. |
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D. |
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Emission Fees , Marketable Permits and Liability. |
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| 5. |
The Transfer Co-efficient is the ratio of the |
A. |
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Decrease in pollution at a receptor to the increase in emission at a source. |
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B. |
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Increases in pollution at a receptor to the increase in emission at a source. |
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C. |
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Increases in pollution at a source to increase in emission at a receptor. |
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D. |
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Increases in pollution at a receptor to the decrease in emission at a source. |
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| 6. |
An Environmental Kuznets Curve (EKC) describes the level of environmental quality in a counry as a function of |
A. |
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GNP of that country. |
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B. |
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GDP of that country. |
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C. |
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Per capita income in that country. |
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D. |
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Environmental protection of that country. |
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| 7. |
The revealed preference technique for environmental valuation , focuses on |
A. |
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Measuring market value. |
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B. |
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Measuring non-use value. |
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C. |
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Measuring externality. |
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D. |
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Measuring use value. |
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