Conservation Economics Assignment 07 Week 07 Answers | January 2023 | The Today Blog

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Want to Know the Answers to Conservation Economics Assignment 07? This article will tell you the answer to the National Programme on Technology Enhanced Learning (NPTEL) Course “Conservation Economics”. So read the complete article carefully.

What is Conservation Economics?

The times are changing: we live in an era when issues such as climate change, over population, pollution, habitat loss and mass extinction of species are no longer just academic concepts; we are witnessing them in our daily lives and suffering their consequences. We are continuously trashing our planet and harming ourselves in the process. And this is when we know so much about what the issues are, how and why they arise, and how they can be solved. We have the technological solutions; and still we’re largely unable to actually solve the problems.

This is largely because these problems require not just a technological solution – they also require reworking of national and global policies. And solving the problems will entail costs and require money – such as for treating waste water before disposal, for increasing the efficiency of resource utilisation to reduce overconsumption of resources, for shifting to greener sources of energy that don’t emit greenhouse gases, for shifting to green chemistry that doesn’t pollute, for making infrastructures that do not harm the wildlife, and for incentivising more research to make better technologies.

It is these costs, and not just a lack of technology, that prevent us from solving the problems. Thus, the need of the hour is to understand the Economics of Conservation to create an environment where we can use technologies to solve our problems. In this course, we shall look at the processes of Conventional Economics that have led to the destruction of the environment by putting profits above everything, and how we can solve these issues of Conventional Economics with a better understanding of Economics – Green Economics.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of the average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF THE AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

The certificate will have your name, photograph, and score in the final exam with the breakup. It will have the logos of NPTEL and IIT Roorkee. It will be e-verifiable at nptel.ac.in/noc.

Conservation Economics Assignment 04 Answers

Question 01 of 10

the area between the supply curve and the price is an indicator of 

A. consumer surplus

B. producer surplus

C. total surplus

D. deadweight loss

B. producer surplus

Question 02 of 10

“the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it” is

A. consumer surplus

B. producer surplus

C. total surplus

D. deadweight loss

A. consumer surplus

Question 03 of 10

“the amount a seller is paid for a good minus the seller’s cost of providing it” is

A. consumer surplus

B. producer surplus

C. total surplus

D. deadweight loss

B. producer surplus

Question 04 of 10

“the maximum amount that a buyer will pay for a good” is

A. willingness to pay

B. market demand

C. demand curve

D. buyer’s surplus

A. willingness to pay

Question 05 of 10

value to buyers- cost to seller is

A. consumer surplus

B. producer surplus

C. total surplus

D. deadweight loss

C. total surplus

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Question 06 of 10

laffer’s curve is the relationship between

A.  inflation and unemployment

B. tax size and tax revenue

C. producer surplus and consumer surplus

D.  tax size and deadweight loss

B. tax size and tax revenue

Question 07 of 10

the area between the demand curve and the price is an indicator of

A. consumer surplus

B. producer surplus

C. total surplus

D. deadweight loss

A. consumer surplus

Question 08 of 10

“the price of a good that prevails in the world market for that good” is the definition of

A. export price

B. import price

C. world price

D. domestic price

C. world price

Question 09 of 10

“the fall in the total surplus that results from a market distortion, such as a tax” is

A. consumer surplus

B. producer surplus

C. total surplus

D. deadweight loss

D. deadweight loss

Question 10 of 10

imposition of tariff

A. increases producer surplus and government revenue

B. increases consumer surplus and government revenue

C. increases producer surplus, consumer surplus and government revenue

D. increase total surplus

A. increases producer surplus and government revenue

That’s All Guys! Hope you Like the Article.

That It Guys, in this article I have told you about the Answers to Conservation Economics Assignment 04.

Disclaimer: We do not claim 100% surety of answers, these answers are based on our sole knowledge, and by posting these answers we are just trying to help students, so we urge do your assignment on your own.

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