HL.b Environmental and ecological economics Quiz
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5 questions, one answer each
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1. A factory's product price does not include the cost of its river pollution. This is an example of:
- A. Decoupling
- B. Market failure
- C. Degrowth
- D. Environmental accounting
2. Which statement describes the tragedy of the commons?
- A. A company advertises false green claims
- B. Overuse of a shared resource without property rights or a market price
- C. Growth separated from damage
- D. Valuing ecosystems by their existence
3. Which is a non-use value?
- A. Timber from a forest
- B. Fish caught in a lake
- C. The value of knowing a species exists
- D. Tourist spending
4. How do ecological economists view the economy?
- A. As separate from the biosphere
- B. As a subsystem of the biosphere
- C. As unlimited
- D. As unrelated to society
5. Eco-economic decoupling means:
- A. Increasing GDP and emissions together
- B. Separating economic growth from environmental degradation
- C. Reducing GDP deliberately
- D. Pricing nature