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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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