Water Quality Economics

Description: This quiz will test your knowledge of the economic aspects of water quality.
Number of Questions: 15
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Tags: water quality economics environment
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What is the term used to describe the economic value of the benefits that people derive from clean water?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water existence value


Correct Option: A
Explanation:

The water quality premium is the additional price that people are willing to pay for clean water over and above the cost of providing it.

What is the term used to describe the economic value of the benefits that people derive from the potential future use of clean water?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water existence value


Correct Option: C
Explanation:

The water option value is the value that people place on the possibility of using clean water in the future, even if they do not currently need it.

What is the term used to describe the economic value of the benefits that people derive from the simple knowledge that clean water exists?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water existence value


Correct Option: D
Explanation:

The water existence value is the value that people place on the simple knowledge that clean water exists, even if they never intend to use it.

What is the term used to describe the economic costs of water pollution?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water pollution costs


Correct Option: D
Explanation:

Water pollution costs are the costs that society incurs as a result of water pollution, such as the costs of treating polluted water, the costs of lost productivity due to illness, and the costs of environmental damage.

What is the term used to describe the economic benefits of water pollution control?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water pollution control benefits


Correct Option: D
Explanation:

Water pollution control benefits are the benefits that society derives from reducing water pollution, such as the benefits of improved public health, the benefits of increased productivity, and the benefits of environmental protection.

What is the term used to describe the economic value of the benefits that people derive from clean water, regardless of whether they currently use it or not?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water total economic value


Correct Option: D
Explanation:

The water total economic value is the sum of the water quality premium, the water use value, the water option value, and the water existence value.

What is the term used to describe the economic costs of water pollution control?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water pollution control costs


Correct Option: D
Explanation:

Water pollution control costs are the costs that society incurs in order to reduce water pollution, such as the costs of building and operating wastewater treatment plants, the costs of implementing pollution prevention measures, and the costs of enforcing environmental regulations.

What is the term used to describe the economic benefits of water pollution control?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water pollution control benefits


Correct Option: D
Explanation:

Water pollution control benefits are the benefits that society derives from reducing water pollution, such as the benefits of improved public health, the benefits of increased productivity, and the benefits of environmental protection.

What is the term used to describe the economic value of the benefits that people derive from clean water, regardless of whether they currently use it or not?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water total economic value


Correct Option: D
Explanation:

The water total economic value is the sum of the water quality premium, the water use value, the water option value, and the water existence value.

What is the term used to describe the economic costs of water pollution control?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water pollution control costs


Correct Option: D
Explanation:

Water pollution control costs are the costs that society incurs in order to reduce water pollution, such as the costs of building and operating wastewater treatment plants, the costs of implementing pollution prevention measures, and the costs of enforcing environmental regulations.

What is the term used to describe the economic benefits of water pollution control?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water pollution control benefits


Correct Option: D
Explanation:

Water pollution control benefits are the benefits that society derives from reducing water pollution, such as the benefits of improved public health, the benefits of increased productivity, and the benefits of environmental protection.

What is the term used to describe the economic value of the benefits that people derive from clean water, regardless of whether they currently use it or not?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water total economic value


Correct Option: D
Explanation:

The water total economic value is the sum of the water quality premium, the water use value, the water option value, and the water existence value.

What is the term used to describe the economic costs of water pollution control?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water pollution control costs


Correct Option: D
Explanation:

Water pollution control costs are the costs that society incurs in order to reduce water pollution, such as the costs of building and operating wastewater treatment plants, the costs of implementing pollution prevention measures, and the costs of enforcing environmental regulations.

What is the term used to describe the economic benefits of water pollution control?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water pollution control benefits


Correct Option: D
Explanation:

Water pollution control benefits are the benefits that society derives from reducing water pollution, such as the benefits of improved public health, the benefits of increased productivity, and the benefits of environmental protection.

What is the term used to describe the economic value of the benefits that people derive from clean water, regardless of whether they currently use it or not?

  1. Water quality premium

  2. Water use value

  3. Water option value

  4. Water total economic value


Correct Option: D
Explanation:

The water total economic value is the sum of the water quality premium, the water use value, the water option value, and the water existence value.

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