Economics Mcqs

A. Trade deficit
B. Blind river disease
C. Dutch disease
D. Economic turmoil

A. markets distortions
B. defective economic policies
C. inadequate property
D. the expansion of capitalism

I- leads to localized flooding
II- reduces sustainable logging potential
III- reduces watershed stability
IV augments carbon restoration provided by forest

A. natural resource that cannot be reproduced in the future if we fail to preserve them now
B. obtaining intellectual property rights for products
C. natural extinction of various species in DCs
D. industrialization replacing agriculture in LDCs

A. includes genetic species ecosystem and functional diversities
B. refers to diversifying earth’s nonrenewable resource
C. refers to reconstruction of tropical rainforests
D. refers to biological effects on commercial plantation

A. attains the global optimal level of common property resource
B. relies on internationally tradable emission permits
C. minimizes free riders of public goods
D. reduces ozone depletion through the cutting of chlorofluorocarbon production

A. also known as index of Sustainable Economic Welfare per capita
B. GDP plus resource depletion and environmental cost
C. resource depletion and environmental cost divided by GDP per capita
D. increasing from 1976 to 2000

A. capital accumulation
B. common property resources
C. non-producible
D. output

A. external economies
B. negative externalities
C. internal spillover
D. social distortion

A. examples of Coase’s theorem
B. internalization of negative spillover effects
C. marginal abatement cost
D. examples of a free rider