Benha University, Faculty of Commerce
English Program
Academic Year: 2024-2025
Level:2nd Grade
Benha and Obour Campus
ECO222: Economics of Natural Resources and Environment
DR: Nanis fekry Tutorial (2)
1. What is Environmental Economics?
a) A field that studies the impact of technology on the environment
b) A field that applies mainstream economic principles to environmental and
natural resource issues
c) A field that focuses only on renewable energy sources
d) A field that studies the history of environmental policies
2. What is an example of a Common Property Resource?
a) A privately owned forest
b) The atmosphere
c) A company-owned factory
d) A personal car
3. What is the main focus of the Standard Circular Flow Model?
a) The flow of natural resources in the ecosystem
b) The flow of goods, services, capital, and money between households and
businesses
c) The flow of waste and pollution in the environment
d) The flow of solar energy in the ecosystem
4. What is an externality?
a) A cost or benefit that affects a party who did not choose to incur that cost or
benefit
Benha University, Faculty of Commerce
English Program
Academic Year: 2024-2025
Level:2nd Grade
Benha and Obour Campus
ECO222: Economics of Natural Resources and Environment
DR: Nanis fekry Tutorial (2)
b) A government tax on pollution
c) A type of public good
d) A market transaction between two parties
5. What is a Public Good?
a) A good that is available to all and whose use by one person reduces its
availability to others
b) A good that is available to all and whose use by one person does not reduce its
availability to others
c) A good that is privately owned and sold in the market
d) A good that is only available to government agencies
7. What is the main difference between Environmental Economics and Ecological
Economics?
a) Environmental Economics focuses on market failures, while Ecological
Economics focuses on government policies
b) Environmental Economics applies mainstream economic principles, while
Ecological Economics integrates perspectives from multiple disciplines
c) Environmental Economics is concerned with renewable energy, while
Ecological Economics is concerned with non-renewable resources
d) Environmental Economics is a subset of Ecological Economics
8. What is a key implication of the Expanded Circular Flow Model?
a) The economic system is limitless and can grow indefinitely
Benha University, Faculty of Commerce
English Program
Academic Year: 2024-2025
Level:2nd Grade
Benha and Obour Campus
ECO222: Economics of Natural Resources and Environment
DR: Nanis fekry Tutorial (2)
b) Natural resources and solar energy are essential inputs for economic processes
c) The environment has no impact on economic activity
d) Waste and pollution do not affect the ecosystem
9. Which of the following is an example of a negative externality?
a) A company planting trees to reduce carbon emissions
b) A factory emitting pollution that affects the health of nearby residents
c) A public park being built for community use
d) A farmer using organic methods to grow crops
10. What is the primary focus of Ecological Economics?
a) To maximize economic growth without considering environmental impacts
b) To analyze the economic system as a subset of the broader ecosystem
c) To focus solely on the monetary value of natural resources
d) To study the impact of technology on the environment
11. Which of the following is a limitation of the Standard Circular Flow Model?
a) It does not account for the flow of money between households and businesses
b) It does not consider the impact of waste and pollution on the ecosystem
c) It does not include the role of government in the economy
d) It does not consider the role of labor in production
12. What is the main argument of Ecological Economists regarding sustainability?
a) Sustainability should be defined according to economic growth metrics
Benha University, Faculty of Commerce
English Program
Academic Year: 2024-2025
Level:2nd Grade
Benha and Obour Campus
ECO222: Economics of Natural Resources and Environment
DR: Nanis fekry Tutorial (2)
b) Sustainability should be defined according to ecological criteria, not just
economic criteria
c) Sustainability is only achievable through technological innovation
d) Sustainability is not relevant to economic theory
13. Which of the following is a key difference between Common Property Resources
and Public Goods?
a) Common Property Resources are rival, while Public Goods are non-rival
b) Common Property Resources are excludable, while Public Goods are non-
excludable
c) Common Property Resources are privately owned, while Public Goods are
publicly owned
d) Common Property Resources are non-rival, while Public Goods are rival
14. What is the significance of solar energy in the Expanded Circular Flow Model?
a) Solar energy is the only net input into the ecological system
b) Solar energy is the only net output from the ecological system
c) Solar energy is not relevant to the ecological system
d) Solar energy is a byproduct of economic activity
15. What is the primary reason for the emergence of Ecological Economics as a
field?
a) To focus solely on the monetary valuation of environmental goods
Benha University, Faculty of Commerce
English Program
Academic Year: 2024-2025
Level:2nd Grade
Benha and Obour Campus
ECO222: Economics of Natural Resources and Environment
DR: Nanis fekry Tutorial (2)
b) To integrate perspectives from multiple disciplines and analyze the economic
system as part of the broader ecosystem
c) To replace Environmental Economics as the dominant field of study
d) To focus on the historical development of environmental policies