Economics MCQs

Page No. 303

Biodiversity ?


aincludes genetic species ecosystem and functional diversities


brefers to diversifying earth’s nonrenewable resource


crefers to reconstruction of tropical rainforests


drefers to biological effects on commercial plantation



Irreversibility refers to ?


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


bobtaining intellectual property rights for products


c natural extinction of various species in DCs


d industrialization replacing agriculture in LDCs



Deforestation ?


aleads to localized flooding


breduces sustainable logging potential


c reduces watershed stability


dA ,B and C


View Answer A ,B and C

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


a markets distortions


b defective economic policies


c inadequate property


dthe expansion of capitalism



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


bBlind river disease


cDutch disease


d Economic turmoil


View Answer Dutch disease

Negative externality is also known as ?


a external diseconomies


bmarginal damage


cpublic goods


dresource curse



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


a over fishing


b smoking in a public place


cexcessive rain


dcommon use of public toilets


View Answer over fishing

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


amonopoly


b entropy


cindustry


dcartel


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


bsustainable development


cnet primary productivity (NPP)


dthe impossibility theorem



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


bTennessee Mining Co. an iron-ore mining company


cCaterpillar Corp the producer of earth moving equipment


dSneva Construction Co. The builder of skyscrapers



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