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.Management Sciences
Category: Natural Resources and the Environment Toward Sustainable Development
Which of the following country has 25 percent of the world’s estimated oil reserves and the lowest cost production as well as a dominant role in OPEC pricing ?
A. Russia
B. Saudi Arabia
C. Iraq
D. Venezuela
Gross National Product equals ?
A. Net National Product adjusted for inflation
B. Gross Domestic Product adjusted for inflation
C. Gross Domestic Product plus net property income from abroad
D. Net National Product plus net property income from abroad
Biodiversity ?
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
The Organization of Petroleum Exporting Countries (OPEC) is a(n) _________whose members agree to limit output and fix prices?
A. monopoly
B. entropy
C. industry
D. cartel
The green house effect is the phenomenon by which ?
A. biological diversity is dominant in agricultural production
B. the globe’s water pollution affects plankton
C. the earth’s atmosphere traps infrared radiation
D. climatic changes occur naturally in the forest
Gross Domestic Product is the sum of the market value of the ?
A. intermediate goods
B. final goods and services
C. manufactured goods
D. inferior goods and services
normal goods and services
A higher GDP per capita may not means that the quality of life has really improved because ?
A. It measures wealth not income
B. It measures Gross Domestic Product
C. It does not measure the quality of the items produced
D. It is only measured every five years:
According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?
A. population growth leads to rigid land rights
B. participants will organize their transactions
C. violence displacement erosion and poverty are minimized
D. individuals overuse of the biosphere is curtailed
Gross Domestic Product can be measured as the sum of ?
A. final goods and services intermediate goods, transfer payments, and rent
B. consumption investment government purchases and net exports
C. consumption transfer payments. wages and profits.
D. Net National Product Gross National Product, and Disposable personal income
E. investment wages profits and intermediate production
To adjust GDP from market prices to factor cost ?
A. Add indirect taxes
B. Subtract subsidies
C. Deduct indirect taxes and subsidies
D. Deduct indirect taxes and add subsidies
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