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.Management Sciences
Category: Natural Resources and the Environment Toward Sustainable Development
An example of a transfer payment is ?
A. Profit
B. rent
C. unemployment benefits
D. government purchases
E. wages
The Genuine Progress indicator is ?
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
GDP would include which of the following ?
A. the value of taking a day off from work
B. consulting services
C. intermediate sales
D. illegal drug sales
E. housework
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 sectors ?
A. I and III only
B. II and III only
C. I, II and III only
D. I, II , III only IV
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
B. sustainable development
C. net primary productivity (NPP)
D. the impossibility theorem
The Club of Rome Study, The Limits to Growth suggests that as natural resources diminish ?
A. capital increasingly replaces labor
B. technological change compensates for capital depletion
C. costs rise, leaving less capital for future investment
D. contingent valuation becomes critical
Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?
A. foreign; domestic
B. current year; base year
C. domestic; foreign
D. base year; current year
E. intermediate; final
Many environmental resources are public goods, which are characterized by ?
A. rivalry and exclusion in consumption
B. nonrivalry and nonexclusion in consumption
C. rivalry but nonexclusion in production
D. nonrivalry but exclusion in usage
Which of the following would be excluded from UK GDP fro 2005? The sale of ?
A. a haircut
B. the value of a lawyer’s services
C. a 2005 Honda made in Swindon
D. All of things mentioned in these answers should be counted in 2005 GDP.
Net National Product equals ?
A. Gross National Product adjusted for inflation
B. Gross Domestic Product adjusted for inflation
C. Gross Domestic Product plus net property income from abroad
D. Gross National Product minus depreciation
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