quiz Flashcards
(13 cards)
when the early settlers moved to the US, water was allocated using the
prior appropriation system
___occurs when land use in an area is inefficiently dispersed
urban___
sprawl
a firm fully internalizes all the costs and benefits for ___ scrap
new
name for when some countries require producers to accept responsibility on products once they’ve outlived purpose
take back
source of inefficiency in current water system ($$)
low water prices
term for when when marginal price of water is CONSTANT as more water is used
uniform
what fees are imposed on a developer to offset additional costs of development
developmental IMPACT fees
forest will be allowed to grow as long as growth rate is
GREATER than discount rate
what are royalty payments
payments to countries for all products developed from species in that country
who predicted that oil would peak in 1970s King H…
Hubbert
shortage of natural gas in winter of 1974 was due to
federal price controls
what is the emergency supply of crude oil called?
SPetroleumR
strategic petroleum reserve
