Eae 413 Question Paper
Eae 413
Course:Bachelor Of Commerce
Institution: Kenyatta University question papers
Exam Year:2018
ANSWER QUESTION ONE AND ANY OTHER TWO
1a. while citing practical examples , explain the follwing terms.
1. tragedy of the common problem. 3mrks
2. sustained yield function . 3mrks
3. control valiables. 3mrks
4. sink function of the environment. 3mrks
5. externality.3mrks
question 1b.
using a maximization problem on poullution control, prove and expalin the optimal polllution control conditios. 15 mrks.
question 2.
a. discusss the methodology for conducting Environmental Impact Assessment. 10 mrks.
b. discuss the characteristics of renewable and non renewable resources. 10 mrks
question 3.
a. using a diagram , explain three types of equilibrium involved in optimal utilization of renewable resources. 10. mrks
b. discuss the participants in an Environmental Impact Assessment assignment. 10 mrks
question 4.
using a diagram explain the interaction between the environment and economic system. 10 mrks
what are the limitations of the Travel Cost Method. 10mrks
question 5.
differentiate between pigouvian taxes and subsidies. 10mrks
briefly explain the conditions that are neccesary to ensure that markets allocate resources effeciently. 10mrks
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