Biodiversity Valuation - exam 1

Question 1

What are some categories of value (or perception of value) we could assign to biodiversity?

Answer 1

Question 2

What is contingent value and how is it assessed? What are some examples of this?
What is a fundamental concern related to this that conservation biologists must deal with?

Answer 2

Question 3

What are 3 basic tenets of classic economics?

Answer 3

Question 4

What are externalities?
What can these lead to, and why?

Answer 4

Question 5

What class of resources are often associated with negative externalities? What is usually the result?
Are there other classes of resources that suffer from negative externalities?
What is the underlying incentive that drives this problem?
What are some real world examples?

Answer 5

Question 6

Describe some criticisms of capitalism and socialism

Answer 6

Question 7

What is a cost-benefit analysis (CBA), and when does it occur? What is an example in US government? Describe 3 common problems that occur when doing CBAs.

Answer 7

Question 7

What are 2 major problems with classic economics as it relates to environmental costs? What is a new economic discipline that aims to address some of this?

Answer 7

Question 8

Describe ecological economics. What are its end goals?

Answer 8

Question 9

Describe 3 pros and 3 cons of economically evaluating biodiversity

Answer 9

Question 10

Direct and Indirect Use Values

Describe the 2 categories of direct use values.
What are indirect use values and some examples?
What are 9 examples of NCUV (and what is NCUV)?
What are some examples of ecosystem services?

Answer 10

Question 11

What are 5 examples of the economic value of bats?

Answer 11

Question 12

What are 3 examples of the economic value of wolves?

Answer 12

Question 13

What are non-use or passive values? Name 3 and define them.

Answer 13