Identify whether the scenarios below represent an incentive provided by property rights or an argument from the Coase theorem or neither. A. Neither B. Argument from the Coase theorem C. Incentive provided by property rights 1. Landowners maintain their properties for future sale 2. Well defined property righs can eliminate externalities in all cases 3. Well defined property rights can reduce externalities

Which of the following is not considered a strength of the environmental economics approach?   a.     companies will be motivated to try and reduce environmental impacts to have more economic gain.   b.     market-based solutions offer incentives for behavioural changes that directly address the issue at hand, fostering tangible change.   c.   policies with significant economic costs often face rejection.   d.   it assigns price/ quantitative value to natural resources, making it easier to weigh the impacts and awareness on how companies/people use it.     e.     it tries to balance the resource that you have, whatever it may be, to use and manage it appropriately and tries not to have any negative impacts on our environment.

Question 6 1. Public goods have at least one of two characteristics. What are the two characteristics? a. nonrival; nonexcludability b. individual consumption; nonexcludability O d. individual consumption; excludability

A private good which creates no externalities is _____________________ by a free competitive market.     A. Underprovided   B. Overprovided   C. Optimally provided