Natural resources and environmental economics UE Past Papers Questions.


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(3048) Question Category: Long answers

  1. State the fundamental rules of harvesting renewable and non-renewable resources and the assumption upon which they are bases?
  2. The assumption upon which the fundamental rules no-renewable resources stated in (a) above is based on is said to be modified to accomodate extraction cost. If that is the case, state the modified rule and derive the optimum price, marginal extraction cost (MEC) and marginal user cost (MUC)
  3. Using the fish model explain when is the fishery resource is said to be managed sustainably?

Answer / Solution

UNSOLVED

(3090) Question Category: True OR False

Since all resources are products of natural cycles they are non-renewable but relatively in different rates.

Answer / Solution

UNSOLVED

(3091) Question Category: True OR False

Ecosystem services can be subdivided into five categories namely; provisioning, supporting, regulating, cultural and preserving. Good examples of regulating services include nutrient cycles and crop pollination , just to mention two.

Answer / Solution

UNSOLVED

(3092) Question Category: Matching items

Match the following concepts with letters of statement which provides correct definition or description

Concept Definition/Description

 

  1. Contract curve
  2. Ecosystem functions
  3. Ecosystem service value
  4. Cultural Services
  5. Revealed preference techniques
  6. Stated preference techniques
  7. A naturalist
  8. A humanist
  9. Libertarian

 

  1. rely on observing the behavior of people in markets or other situations
  2. individual rights and freedom is supreme and behaviour is assessed in terms of whether or not it respects those rights/ freedom(i.e free action)
  3. Pareto set
  4. Non-material benefits obtained from ecosystems(e.g educational , aesthetic and inspirational)
  5. has an anthropological view (i.e only humans have rights and duties)
  6. biophysical processes in ecosystem services
  7. rely on people stating their preferences in hypothetical situations
  8. outputs of ecosystem functions that directly / indirectly benefit people
  9. considers values derived from both humans and non-humans (i.e the resilience of ecosystems)

 

Answer / Solution

UNSOLVED

(3093) Question Category: Multiple choices

Stock resources include resources which are

  1. Consumed by use
  2. Theoretically recoverable
  3. Recyclable
  4. All of the previous answers are correct
  5. None of the above is correct

Answer / Solution

UNSOLVED

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