Natural Resources and Environmental Economics 100 Question Quiz

What are some examples of renewable energy sources?

• Fossil fuels, nuclear, coal

• Solar, wind, hydro, geothermal, biomass

• Coal, oil, natural gas

• Nuclear, coal, oil

Explain the concept of water conservation and its importance in natural resource management.

• Water conservation is important to prevent wastage and ensure sustainability of water resources.

• Water conservation only applies to industrial use and not for personal consumption.

• Water conservation is not necessary as there is an unlimited supply of water on Earth.

• Water conservation is not important because water is a renewable resource.

What are the advantages and disadvantages of solar energy as a renewable energy source?

• Disadvantages include consistent energy production and low initial costs

• Advantages include high maintenance and limited energy production

• Advantages include clean energy production and cost savings, while disadvantages include intermittency and high initial costs.

• Advantages include unlimited energy production and low initial costs

Explain the process of mineral extraction and its potential environmental hazards.

• Mineral extraction has no impact on the environment

• Potential environmental hazards include increased biodiversity and improved air quality

• Mineral extraction involves the process of removing minerals from the earth's crust, which can include drilling, blasting, and use of heavy machinery. Potential environmental hazards include habitat destruction, soil erosion, water pollution, and air pollution.

• Mineral extraction involves planting trees and promoting wildlife habitats

Discuss the challenges in valuing ecosystem services in economic terms.

• Ecosystem services are often not bought or sold in markets, and their value is not always easily quantifiable.

• There is no need to consider ecosystem services in economic terms

• Ecosystem services have a fixed monetary value

• Valuing ecosystem services does not require specialized knowledge

How can individuals and businesses contribute to mitigating the impact of climate change on natural resources?

• By consuming more natural resources and increasing waste production

• By reducing their carbon footprint and promoting sustainable practices

• By increasing their carbon footprint and promoting unsustainable practices

• By ignoring the impact of climate change on natural resources