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Economic Sustainability: A Global Perspective

Description: This quiz aims to assess your understanding of economic sustainability from a global perspective. It covers topics such as sustainable development, environmental impact, resource management, and international cooperation.
Number of Questions: 15
Created by:
Tags: economic sustainability sustainable development environmental impact resource management international cooperation
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What is the primary goal of economic sustainability?

  1. To maximize economic growth without regard for environmental or social consequences.

  2. To balance economic growth with environmental protection and social well-being.

  3. To prioritize environmental protection over economic growth and social well-being.

  4. To focus solely on social well-being without considering economic growth or environmental impact.


Correct Option: B
Explanation:

Economic sustainability aims to achieve a balance between economic growth, environmental protection, and social well-being, ensuring that economic activities do not compromise the environment or social equity.

Which of the following is NOT a key component of sustainable development?

  1. Economic growth

  2. Environmental protection

  3. Social equity

  4. Resource depletion


Correct Option: D
Explanation:

Sustainable development aims to achieve economic growth, environmental protection, and social equity without depleting natural resources or compromising the environment.

What is the term used to describe the impact of human activities on the environment?

  1. Ecological footprint

  2. Carbon footprint

  3. Environmental impact assessment

  4. Life cycle assessment


Correct Option: A
Explanation:

Ecological footprint refers to the impact of human activities on the environment, measuring the amount of land and resources required to sustain a certain population or activity.

Which of the following is NOT a renewable resource?

  1. Solar energy

  2. Wind energy

  3. Fossil fuels

  4. Hydropower


Correct Option: C
Explanation:

Fossil fuels, such as coal, oil, and natural gas, are non-renewable resources formed over millions of years and cannot be replenished at a rate comparable to their consumption.

What is the term used to describe the management of natural resources to ensure their availability for future generations?

  1. Sustainable resource management

  2. Resource conservation

  3. Environmental stewardship

  4. Ecological restoration


Correct Option: A
Explanation:

Sustainable resource management involves managing natural resources in a way that ensures their availability for future generations, considering both environmental and economic factors.

Which international agreement aims to combat climate change and reduce greenhouse gas emissions?

  1. Kyoto Protocol

  2. Paris Agreement

  3. Montreal Protocol

  4. Convention on Biological Diversity


Correct Option: B
Explanation:

The Paris Agreement is an international agreement within the United Nations Framework Convention on Climate Change (UNFCCC) that aims to limit global warming and reduce greenhouse gas emissions.

What is the term used to describe the transfer of resources and technology from developed countries to developing countries to promote sustainable development?

  1. Technology transfer

  2. Capacity building

  3. Financial assistance

  4. Technical cooperation


Correct Option: A
Explanation:

Technology transfer involves the transfer of environmentally sound technologies, knowledge, and skills from developed countries to developing countries to support sustainable development.

Which of the following is NOT a challenge to achieving economic sustainability?

  1. Population growth

  2. Climate change

  3. Technological advancements

  4. Resource scarcity


Correct Option: C
Explanation:

Technological advancements can contribute to economic sustainability by providing innovative solutions to environmental and social challenges.

What is the term used to describe the integration of environmental and social considerations into business decision-making?

  1. Corporate social responsibility

  2. Sustainability reporting

  3. Environmental management systems

  4. Life cycle assessment


Correct Option: A
Explanation:

Corporate social responsibility refers to the integration of environmental, social, and ethical considerations into business operations and decision-making.

Which of the following is NOT a benefit of economic sustainability?

  1. Improved quality of life

  2. Reduced environmental impact

  3. Increased economic growth

  4. Exhaustion of natural resources


Correct Option: D
Explanation:

Economic sustainability aims to prevent the exhaustion of natural resources, ensuring their availability for future generations.

What is the term used to describe the ability of an economy to maintain a stable level of economic growth without depleting natural resources or compromising environmental quality?

  1. Economic resilience

  2. Sustainable economic growth

  3. Green economy

  4. Circular economy


Correct Option: B
Explanation:

Sustainable economic growth refers to the ability of an economy to grow without compromising environmental quality or depleting natural resources.

Which of the following is NOT a key principle of sustainable development?

  1. Intergenerational equity

  2. Precautionary principle

  3. Polluter pays principle

  4. Economic efficiency


Correct Option: D
Explanation:

Economic efficiency is not a key principle of sustainable development, as it focuses solely on maximizing economic output without considering environmental and social impacts.

What is the term used to describe the process of transforming an economy to operate in a sustainable manner?

  1. Sustainable transition

  2. Green transformation

  3. Ecological modernization

  4. Circular economy transition


Correct Option: A
Explanation:

Sustainable transition refers to the process of transforming an economy to operate in a sustainable manner, considering environmental, social, and economic factors.

Which of the following is NOT a key indicator of economic sustainability?

  1. Ecological footprint

  2. Carbon footprint

  3. Gross domestic product (GDP)

  4. Human Development Index (HDI)


Correct Option: C
Explanation:

Gross domestic product (GDP) is not a key indicator of economic sustainability, as it measures economic growth without considering environmental and social impacts.

What is the term used to describe the concept of meeting the needs of the present without compromising the ability of future generations to meet their own needs?

  1. Sustainable development

  2. Intergenerational equity

  3. Precautionary principle

  4. Polluter pays principle


Correct Option: A
Explanation:

Sustainable development refers to the concept of meeting the needs of the present without compromising the ability of future generations to meet their own needs.

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