Economics MCQs

Page No. 303

Biodiversity ?


aincludes genetic species ecosystem and functional diversities

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brefers to diversifying earth’s nonrenewable resource

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crefers to reconstruction of tropical rainforests

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drefers to biological effects on commercial plantation

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Irreversibility refers to ?


anatural resource that cannot be reproduced in the future if we fail to preserve them now

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bobtaining intellectual property rights for products

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c natural extinction of various species in DCs

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d industrialization replacing agriculture in LDCs

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Deforestation ?


aleads to localized flooding

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breduces sustainable logging potential

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c reduces watershed stability

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dA ,B and C

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View Answer A ,B and C

Theodore panayotou (1993) argues that environment degradation originates from the following EXCEPT ?


a markets distortions

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b defective economic policies

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c inadequate property

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dthe expansion of capitalism

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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 known as ?


aTrade deficit

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bBlind river disease

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cDutch disease

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d Economic turmoil

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View Answer Dutch disease

Negative externality is also known as ?


a external diseconomies

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bmarginal damage

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cpublic goods

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dresource curse

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Which of the following is an example of tragedy of commons ?


a over fishing

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b smoking in a public place

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cexcessive rain

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dcommon use of public toilets

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View Answer over fishing

The Organization of Petroleum Exporting Countries (OPEC) is a(n) _________whose members agree to limit output and fix prices?


amonopoly

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b entropy

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cindustry

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dcartel

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View Answer cartel

Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is ?


a the tragedy of commons

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bsustainable development

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cnet primary productivity (NPP)

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dthe impossibility theorem

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Which company in the United States would likely be most concerned about Brazil’s dumping of steel in the U.S market ?


aGeneral Motors, the manufacturer of automobiles

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bTennessee Mining Co. an iron-ore mining company

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cCaterpillar Corp the producer of earth moving equipment

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dSneva Construction Co. The builder of skyscrapers

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