Economic Assignment

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True or False

Question 1 (2 points)

 

Brute force, or warfare, is generally agreed to be the most costly form of dispute resolution.

Question 1 options:

A) True

B) False

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Question 2 (2 points)

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Litigation is often the least costly method of environmental dispute resolution.

Question 2 options:

A) True

B) False

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Question 3 (2 points)

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The Efficient Market Hypothesis is a controversial economic theory whose overuse is blamed for part of the 2008 financial crisis.

Question 3 options:

A) True

B) False

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Multiple Choice

Question 4 (2 points)

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Brownfields are

Question 4 options:

A) 

Agricultural fields that are out of season, and therefore turn brown.

B) 

Fields that are brown because they are exposed dirt with no agricultural production.

C) 

abandoned, but unpolluted, commercial sites that are termed "brown" due to undesirability.

D) 

abandoned commercial sites that not as toxic as Superfund sites, but still polluted.

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Question 5 (2 points)

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Sun Tzu was/is:

Question 5 options:

A) 

a hip-hop artist from China.

B) 

an exotic breed of small guard dogs from China.

C) 

a general from the 6th century BC in China, who is attributed with writing The Art of War.

D) 

a new Chinese fast food market chain that emphasizes sustainability.

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Question 6 (2 points)

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Inside Job is:

Question 6 options:

A) 

a documentary about corruption on Wall Street that caused the 2008 financial crash.

B) 

a movie that describes how famous academic economists were complicit in Wall Street corruption.

C) 

an award winning 2010 documentary directed by Charles Ferguson.

D) 

all of the above.

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Fill in the blank

Answers may require more than one word..

Question 7 (2 points)

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Question 7 options:

As an alternative to violence, tradition, precedent, arbitration or drawing straws, are all examples of

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as a means to settle disputes.

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Question 8 (2 points)

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Question 8 options:

The ethical code that is based on the moral obligation to serve the greatest good for the greatest number of people is known as

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.

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Question 9 (3 points)

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Question 9 options:

Deep ecology believes that

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has intrinsic rights, and should be given

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rights within our

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Short Answer

Question 10 (3 points)

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When and why did the largest oil spills occur, and roughly how large were they compared to the 2010 Gulf Coast spill?

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Question 11 (3 points)

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How does mediation work, and what are some of the advantages of using it to resolve disputes?

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Question 12 (3 points)

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What is the main difference in the American Rule and the English Rule in settling court costs?

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Question 13 (3 points)

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What are some of the economic criticisms of individualism as a basis for ethical behavior?

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Extra Credit

Question 15 (10 points)

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Explain the roots of ecofeminism, and how it connects the feminine with Nature.

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ECO 245: Issues in Environmental Economics