Econ 269 - Economics of the Environment (Final Exam) Questions With Correct Accurate Answers 100% Verified.

Non-exclusive - correct answer Technologically impossible or too costly to exclude the benefits from a second user once the good is provided to the first user. Non-rivalry - correct answer One persons consumption does not significantly diminish another persons consumption. Aquaculture - correct answer The cultivation of seafood (mainly fish) through controlled isolated areas of coastline or lakes. Open Access Regulations - correct answer Government efforts to modify behavior of participants in a fishery without affecting participation. Fund Pollutants - correct answer A pollutant for which the environment has some absorptive capacity. Social Efficiency - correct answer where external costs and benefits are accounted for Greenwashing - correct answer The misleading of consumers about the environmental practices of a specific company or agent. Impure Moral Suasion - correct answer 'Voluntary' program backed up by an explicit or implicit threat. SLAPP (Strategic Lawsuit Against Public Participation) - correct answer Lawsuits meant to silence critics by burdening them with costly legal fees that they cannot afford while the company filing the suit is able to afford the legal costs. Uniform Standard - correct answer A single standard set at the same level for all sources of a pollutant. Principle-Agent Problem - correct answer When the agent (worker or manager) doesn't act in the best interest of the principle (owner). Bubble Policy - correct answer Bubble policy suggests putting 'bubbles' around groups of polluters, and only allowing trade within those bubbles. Safety Valves - correct answer A hybrid policy that allows emitters to buy permits at a trigger price from the government or from the market at market price. The trigger price will always be lower than the market price. Crown Zellerbach v R. (1988) - correct answer A Supreme Court case that ruled water pollution was beyond provincial concern or ability. Federal government enacted the Canadian Environmental Protections Act of CEPA. POGG (Peace, Order, and Good Governance) - correct answer The government can pass legislation on matters of nation concern. If said legislation comes into conflict with provincial legislation and both have jurisdiction, the federal legislation takes precedence. Section 91 of the Constitution Act (1982) - correct answer The federal government controls the following: Public debt and federal public property, regulation of trade and commerce, raising money by any mode or system of taxation, navigation and shipping, sea/coast/inland fisheries, aboriginal lands, criminal laws, and money and banking. With and Without Principle - correct answer Measures the costs of a regulation by running two scenarios, one with the regulation and one without. Sensitivity Analysis - correct answer This is an attempt to determine how net benefits will change if specified parameters deviate from their anticipated values. SRTP (social rate of time preference) - correct answer Present society has a collective responsibility for future generations and the time preferences of the current individuals should not dominate the choice of the social discount rate. (SDR Market Rate). Purely measures the social opportunity costs of forgone consumption, and ignores crowding out. Vehicle Bias (Embedding Bias) - correct answer Make sure survey does not become a referendum on the payment vehicle.