1.The Allocation of Depletable and Renewable Resources An Overview

Chapter 1

1、单选题:
()depend on people’s willingness to pay and technology
选项:
A: Current reserves
B: Potential reserves
C: Resource endowment
D: none
答案: 【 Potential reserves

2、单选题:
( ) represents the natural occurrence of resources in the earth.
选项:
A: Current reserves
B: Potential reserves
C: Resource endowment
D: none
答案: 【 Resource endowment

3、单选题:
In 2-period model,dynamic efficiency criterion will make consumption now ( ) than that of the future.
选项:
A: more
B: less
C: equivalent
D: incomparable
答案: 【 more

4、单选题:
In 2-period model,static efficiency criterion will make consumption now ( ) than that of the future.
选项:
A: more
B: less
C: equivalent
D: incomparable
答案: 【 equivalent

5、单选题:
In the absence of scarcity, the price would equal only the ( )
选项:
A: marginal user cost
B: marginal cost of extraction
C: the sum of marginal extraction cost and marginal user cost.
D: fixed costs
答案: 【 marginal cost of extraction

6、单选题:
With scarcity, the price would equal only the ( ).
选项:
A: marginal user cost
B: marginal cost of extraction
C: the sum of marginal extraction cost and marginal user cost.
D: fixed costs
答案: 【 the sum of marginal extraction cost and marginal user cost.

7、单选题:
( ) represents the natural occurrence of resources in the earth.
选项:
A: Current reserves
B: Potential reserves
C: Resource endowment
D: none
答案: 【 Resource endowment

8、单选题:
()depend on people’s willingness to pay and technology
选项:
A: Current reserves
B: Potential reserves
C: Resource endowment
D: none
答案: 【 Potential reserves

9、单选题:
In 2-period model,dynamic efficiency criterion will make consumption now ( ) than that of the future.
选项:
A: more
B: less
C: equivalent
D: incomparable
答案: 【 more

10、单选题:
In 2-period model,static efficiency criterion will make consumption now ( ) than that of the future.
选项:
A: more
B: less
C: equivalent
D: incomparable
答案: 【 equivalent

11、单选题:
In the absence of scarcity, the price would equal only the ( )
选项:
A: marginal user cost
B: marginal cost of extraction
C: the sum of marginal extraction cost and marginal user cost.
D: fixed costs
答案: 【 marginal cost of extraction

12、单选题:
With scarcity, the price would equal only the ( ).
选项:
A: marginal user cost
B: marginal cost of extraction
C: the sum of marginal extraction cost and marginal user cost.
D: fixed costs
答案: 【 the sum of marginal extraction cost and marginal user cost.

13、多选题:
The discount rate will vary ( )
选项:
A: across cultures at a point in time
B: across cultures over time
C: within a culture at a point in time .
D: within a culture over time.
答案: 【 across cultures at a point in time;
within a culture over time.

14、多选题:
In N-period model,consider the nature of an efficient allocation when a substitute renewable resource is available at constant marginal cost.What will happen?
选项:
A: The transition is once again smooth
B: More of the depletable resource would be extracted in the earlier periods
C: At the transition point, called the switch point, consumption of the renewable resource begins
D: Less of the depletable resource would be extracted in the earlier periods
答案: 【 The transition is once again smooth;
More of the depletable resource would be extracted in the earlier periods;
A

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