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natural resources and the environment toward sustainable development MCQs

Practise focused natural resources and the environment toward sustainable development questions with marked answers for exam preparation and subject revision.

natural resources and the environment toward sustainable development Mcqs
1. Land and natural resources are considered ?
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A. non-producible

B. common property resources

C. capital accumulation

D. output

2. An example of a transfer payment is ?
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A. Profit

B. government purchases

C. rent

D. unemployment benefits

E. wages

3. Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?
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A. foreign; domestic

B. domestic; foreign

C. base year; current year

D. intermediate; final

E. current year; base year

4. Many environmental resources are public goods, which are characterized by ?
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A. nonrivalry and nonexclusion in consumption

B. rivalry and exclusion in consumption

C. nonrivalry but exclusion in usage

D. rivalry but nonexclusion in production

5. The Genuine Progress indicator is ?
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A. increasing from 1976 to 2000

B. also known as index of Sustainable Economic Welfare per capita

C. resource depletion and environmental cost divided by GDP per capita

D. GDP plus resource depletion and environmental cost

6. Deforestation ?
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A. augments carbon restoration provided by forest

B. leads to localized flooding

C. #NAME?

D. reduces sustainable logging potential

7. Micheal Roemers 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 sectors ?
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A. I and III only

B. I, II , III only IV

C. I, II and III only

D. II and III only

8. In a boom ?
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A. Shortages may occur

B. Prices are likely to fall

C. Surpluses are likely to occur:

D. Supply will increase immediately to match demand
9. 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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A. net primary productivity (NPP)

B. the tragedy of commons

C. the impossibility theorem

D. sustainable development
10. UK GDP would exclude which of the following ?
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A. Lawyer services purchased by a home buyer

B. Copper purchased by tap manufacturer Bristan

C. Lawn care services purchased by a home owner.

D. The purchase of a new Nissan produced in Sunderland

E. A new art gallery purchased by the city of Newcastle

11. The standard of living is often measured by ?
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A. Real GDP per capita

B. Real GDP plus depreciation

C. Real GDP

D. Real GDP population

12. Biodiversity ?
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A. refers to reconstruction of tropical rainforests

B. refers to diversifying earths nonrenewable resource

C. refers to biological effects on commercial plantation

D. includes genetic species ecosystem and functional diversities
13. The government levying taxes on polluters or charging a surcharge for pesticide use are ?
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A. internalization of negative spillover effects

B. examples of Coases theorem

C. marginal abatement cost

D. examples of a free rider

14. In a recession a government ?
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A. Is likely to want to decrease demand in the economy

B. Is likely to want to decrease demand in the economy

C. Is likely to want to stabilise demand in the economy

D. Is likely to want to increase supply in the economy
15. A higher GDP per capita may not means that the quality of life has really improved because ?
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A. It does not measure the quality of the items produced

B. It measures Gross Domestic Product

C. It measures wealth not income

D. It is only measured every five years:

16. If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?
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A. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output

B. must have risen

C. must have fallen

D. must have stayed the same

17. To adjust from Gross National Product to Net National Product ?
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A. Deduct subsidies

B. Deduct depreciation

C. Deduct indirect taxes

D. Add inflation

18. Which of the following is an example of tragedy of commons ?
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A. common use of public toilets

B. smoking in a public place

C. over fishing

D. excessive rain

19. The green house effect is the phenomenon by which ?
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A. biological diversity is dominant in agricultural production

B. the globes water pollution affects plankton

C. climatic changes occur naturally in the forest

D. the earths atmosphere traps infrared radiation
20. According to Coases theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?
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A. participants will organize their transactions

B. population growth leads to rigid land rights

C. individuals overuse of the biosphere is curtailed

D. violence displacement erosion and poverty are minimized