Download Chapter 10

Problemset
Title
Introductory
Text
Self-Study Quiz
Question 1
Land matters in an absolute sense because _________ and in a relative
sense because ___________.
Hint:
Chapter 10, Introduction
Type:
Multiple Choice
By Elizabeth Wheaton
Feedback for What do the terms absolute and relative mean as they
all
relate to land?
incorrect
answers:
Answer
Graded
As
Feedback
people want land; people are
willing to pay for land
Incorrect This does not tell why
land has value in an
absolute and relative
sense.
the land's location indirectly affects Incorrect The land's location
its value; the value of any particular
directly affects its
piece of land is also affected by the
value.
uses of the land around it
the land's location directly affects
Incorrect The value of land is
its value; the value of any particular
affected by the uses of
piece of land is not affected by the
the land around it.
uses of the land around it
the land's location directly affects
Correct
its value; the value of any particular
piece of land is also affected by the
uses of the land around it
Question 2
Correct!
Bid rent functions ________________________.
Hint:
Chapter 10, The Economics of Land Allocation
Type:
Feedback for Look at the definition of bid rent functions.
Multiple Choice
all
incorrect
answers:
Answer
Graded
As
Feedback
record the distance to the center of
town or urban area
Incorrect What else do bid rent
functions do?
record the net benefits per acre
Incorrect What else do bid rent
received from each type of land use
functions do?
convey the maximum net benefit
Correct
Correct!
per acre that could be achieved by
that land use as a function of the
distance from the center of an
urban area
convey the maximum net benefit
per acre that could be achieved by
that land use as a function of the
distance from the rural area
Question 3
Type:
Multiple Choice
Incorrect Bid rent functions are
based upon the
distance from the
center of urban areas.
Relative decreases in the bid rent function for agriculture could result
from ______________.
Hint:
Chapter 10, The Economics of Land Allocation
Feedback for Look at the relative increase in the bid rent function for
all
agriculture and then consider the opposite.
incorrect
answers:
Answer
Graded
As
Feedback
domestic population growth that
Incorrect This would lead to an
increases the domestic demand for
increase in the bid rent
food
function.
Question 4
Type:
Multiple Choice
closing of export markets for
agriculture that decrease the
foreign demand for local crops
Correct
Correct!
shifts from subsistence crops to
cash crops for exports, thereby
increasing the profit per acre
Incorrect This would lead to an
increase in the bid rent
function.
lower agricultural transport costs
due to the building of new roads
into forested land
Incorrect This would lead to an
increase in the bid rent
function.
Which of the following is NOT correct?
Hint:
Chapter 10, Sources of Inefficient Use and Conversion:
Sprawl and Leapfrogging
Feedback for Look at the definitions of sprawl and leapfrogging.
all
incorrect
answers:
Answer
Graded
As
Feedback
Urban sprawl occurs when land
uses in a particular area are
inefficiently dispersed.
Incorrect This is the correct
definition of sprawl.
Leapfrogging occurs when new
Incorrect This is the correct
development continues not on the
very edge of the current
development, but further out.
definition of
leapfrogging.
Public infrastructure problems can
result from leapfrogging.
Incorrect Leapfrogging can
cause public
infrastructure
problems.
Leapfrogging occurs when new
development continues on the very
edge of the current development.
Correct
Correct!
Question 5
The choice to preserve agricultural land or sell it to a developer is
biased toward development by each of the following EXCEPT
_______.
Type:
Multiple Choice Hint:
Chapter 10, Sources of Inefficient Use and Conversion:
Incompatible Land Uses, and Undervaluing
Environmental Amenities
Feedback for Look at the information on incompatible land uses
all
undervaluing environmental amenities.
incorrect
answers:
Question 6
Type:
Multiple Choice
Answer
Graded
As
Feedback
zoning
Incorrect What other aspects bias
toward development?
property taxes
Incorrect What other aspects bias
toward development?
undervaluing environmental
amenities
Incorrect What other aspects bias
toward development?
increased public awareness of
the benefits of conservation
Correct
Correct!
The eminent domain doctrine means ____________.
Hint:
Chapter 10, Sources of Inefficient Use and Conversion:
Market Power
Feedback for Look at the definition of eminent domain.
all
incorrect
answers:
Answer
Graded
As
the government can legally acquire
Correct
private property for a "public purpose" by
condemnation as long as the landowner is
Feedback
Correct!
paid "just compensation"
the transaction of selling land is voluntary Incorrect This would be a
and the landowner can refuse to sell
market
transaction.
the transaction of selling land provides a
"fair" market-determined price
Incorrect This would be a
market
transaction.
the specifics of the selling of land are
determined by agreement of both the
public and private parties
Incorrect This would be a
market
transaction.
Question 7
Special property rights problems in developing countries involve all of
the following except _______.
Type:
Hint:
Chapter 10, Sources of Inefficient Use and Conversion:
Multiple Choice
Special Problems in Developing Countries
Feedback for Look at the information about special problems in
all
developing countries involving land.
incorrect
answers:
Answer
Graded
As
Feedback
insecure property
rights
Incorrect This is a property rights problem in
developing countries.
the poverty problem Incorrect This is a property rights problem in
developing countries.
too many financial
markets
Correct
Correct!
government failure
Incorrect This is a property rights problem in
developing countries.
Question 8
Establishing property rights can decrease market inefficiencies by
__________________.
Type:
Hint:
Chapter 10, Innovative Market-Based Policy Remedies:
Multiple Choice
Establishing Property Rights
Feedback for Look at the information on establishing property rights.
all
incorrect
answers:
Answer
Graded
As
Feedback
allowing the
government to dictate
who owns the land
Incorrect Although the government enforces
the laws, it does not necessarily
determine who owns the land.
avoiding the problems Correct
of over-exploitation of
land.
Question 9
Correct!
making zoning easier
Incorrect Zoning requires certain usage of
land, but not ownership of the
land.
decreasing property
taxes
Incorrect Establishing property rights simply
tells who will pay the property
taxes.
Which provides the correct definition?
Hint:
Chapter 10, Innovative Market-Based Policy Remedies
Type:
Feedback for Look at the definitions for wetlands banking,
Multiple Choice
all
conservation banking, safe harbor agreements, grazing
incorrect
rights, conservation easements, and land trusts.
answers:
Answer
Graded
As
Feedback
Wetlands banking's goal is to offset
adverse impacts to a specific species.
Incorrect This is
conservation
banking.
Conservation banking is a means of
conserving endangered and threatened
species on privately owned land.
Incorrect This is safe
harbor
agreements.
Grazing rights mean farmers are allowed
to graze their livestock on public lands if
issued a grazing permit.
Correct
Safe harbor agreements are legal
agreements between landowners and
private or public agencies that limit the
uses of land in order to protect its
conservation values.
Incorrect This is
conservation
easements.
Correct!
Question 10
Which of the following is NOT a part of the Transferable Development
Rights (TDRs) system used to increase the efficiency of land
preservation?
Type:
Multiple Choice Hint:
Chapter 10, Innovative Market-Based Policy Remedies:
Transferable Development Rights
Feedback for Look at the information on transferable development
all
rights.
incorrect
answers:
Answer
Graded
As
Feedback
Local governments identify sending areas
and receiving areas.
Incorrect This is one
part of the
TDR system.
Landowners in sending areas must buy
development rights from landowners in
receiving areas.
Correct
Correct!
Landowners in sending areas are allocated Incorrect This is one
development rights depending upon the
part of the
number and quality of development sites
TDR system.
available on the property.
Landowners in receiving areas must buy
development rights from landowners in
sending areas.
Incorrect This is one
part of the
TDR system.