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Vincennes University AGBS 434 TRUE/FALSE QUESTIONS Chapter 8 1)Landowners benefit and tenants lose from both zoning and public purchase of development rights
Vincennes University
AGBS 434
TRUE/FALSE QUESTIONS
Chapter 8
1)Landowners benefit and tenants lose from both zoning and public purchase of development rights.
2. Water prices are determined by the interaction of supply and demand forces in a functioning market.
3. Agriculture has no potential to produce energy.
4. When resources are not allocated in a manner that is consistent with demands of society, the market fails, and regulation occurs.
5. Farmers would lose if water prices were determined by the interaction of supply and demand forces in a functioning market.
6. Farmers would gain if water prices were determined by the interaction of supply and demand forces in a functioning market.
7. The Endangered Species Act requires cost-benefit analysis
8. Genetic diversity is more important in the biotechnology age.
9. If farmers convert fragile land to cropland, cross compliance provisions of the farm bill prohibit them from receiving farm program benefits.
10. State governments are the primary regulators of water policy
11. Land is the limiting resource to maintaining a world food supply-demand balance.
12. In the future the federal government is destined to become more involved in preserving limited resources.
13. Current water policy discourages waste and encourages efficient use of water.
14. Urban residents are the largest user of farmland.
15. The god squad has the authority to allow an endangered specie to die if the costs to save the specie shut down economic activity in an area.
16. The federal government is the primary regulator of endangered species
17. The taking of an endangered specie is prohibited regardless of its cost.
18. Policies regarding the amenities derived from farmland tend to be concentrated in the Midwest where most of the farm production exists.
19. Use value appraisal of farmland for tax purposes prevents farmland from being developed
20. Self-interest is the primary motivator of farmer’s decisions on the use of natural resources.
21. A preferential agricultural property tax appraisal typically results in land not being developed
22. The origin of the U.S. water problem lies in our system of water rights
23. Cost-benefit analysis is part of the Endangered Species Act.
24. Government actions to preserve farmland results primarily from concern about the adequacy of the food supply.
25. Policy debates on resource issues center on the role of government versus the role of markets
26. Interfering with property rights is popular politically.
27. Historically, farmers have treated natural resources as being limited.
28. Markets always allocate resources in society’s best interest
29. Agricultural resources are unlimited.
30. Markets allocate natural resources in the best long-run interest of society
31. The government compensates farmers for the decrease in the value of land that results from agricultural zoning.
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