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Matching Post Quiz
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Match the correct answers below.
1


Goods whose benefits are spread amongst the entire community no matter whether individuals are willing to purchase them.

2


Has decreased over the last 100 years.

3


A resource for which there are no substitutes.

4


When firms or consumers can capture its full economic value.

5


Involves asking people how much they would be willing to pay in a hypothetical situation.

6


Will first increase as income per capita increases, but will then decrease at higher levels of income per capita.

7


An example of a renewable resource.

8


Predicted that the human population would double every generation and would become too large for the available amount of food.

9


Essentially fixed in supply or do not regenerate quickly.

10


Requires that the marginal social benefits from pollution abatement equal the marginal social costs of abatement.

11


Require that firms pay a tax on their pollution equal to the amount of external damage it causes.

12


Goods that can be divided and provided separately to different individuals, with no external benefits or costs to others.

Answer choices for questions 1 through 12
A)Malthus
B)Emissions fees
C)Essential resource
D)Nonrenewable resources
E)Private goods
F)Contingent valuation
G)Pollution per capita
H)Efficiency
I)Forest
J)Appropriable
K)Pollution per GDP
L)Public goods





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