Economics - Natural Resources and the Environment: Toward Sustainable Development
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This is the MCQs of Economics
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Question 1 of 20
1. Question
Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is
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Question 2 of 20
2. Question
Land and natural resources are considered
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Question 3 of 20
3. Question
The Organization of Petroleum Exporting Countries (OPEC) is a(n) _____whose members agree to limit output and fix prices
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Question 4 of 20
4. Question
Air pollution from automobile exhausts, and water pollution steel plants are examples of
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Question 5 of 20
5. Question
Which of the following is an example of tragedy of commons?
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Question 6 of 20
6. Question
The government levying taxes on polluters or charging a surcharge for pesticide use are
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Question 7 of 20
7. Question
Negative externality is also known as:
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Question 8 of 20
8. Question
Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing?
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Question 9 of 20
9. Question
The booming of North Seas’ gas export revenues in the 1970s that appreciated the guilder, making industrial export more costly in foreign currencies and increasing foreign competition and unemployment is knonw as
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Question 10 of 20
10. Question
Micheal Roemer’s three-sector model shows that growth in the booming export sector
I- reduces the price of foreign exchange
II- retards other sectors’ growth by reducing incentives to export other commodities
III- reduces incentives to replace domestic goods for imports
IV- raises factor and input prices for non-booming sectorsCorrect
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Question 11 of 20
11. Question
Theodore panayotou (1993) argues that environment degradation originates from the following EXCEPT
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Question 12 of 20
12. Question
Deforestation
I- leads to localized flooding
II- reduces sustainable logging potential
III- reduces watershed stability
IV augments carbon restoration provided by forestCorrect
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Question 13 of 20
13. Question
According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive
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Question 14 of 20
14. Question
Irreversibility refers to
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Question 15 of 20
15. Question
Many environmental resources are public goods, which are characterized by
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Question 16 of 20
16. Question
Biodiversity
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Question 17 of 20
17. Question
The green house effect is the phenomenon by which
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Question 18 of 20
18. Question
The Montreal Protocal, signed in 1987 and strengthened in 1990
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Question 19 of 20
19. Question
The Club of Rome Study, The Limits to Growth suggests that as natural resources diminish
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Question 20 of 20
20. Question
The Genuine Progress indicator is
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