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Resource Economics and Sustainable Development

Description: Resource Economics and Sustainable Development Quiz
Number of Questions: 15
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Tags: resource economics sustainable development economics
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What is the primary objective of sustainable development?

  1. To maximize economic growth at any cost

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

  3. To exploit natural resources as quickly as possible

  4. To prioritize short-term profits over long-term sustainability


Correct Option: B
Explanation:

Sustainable development aims to strike a balance between economic growth, environmental protection, and social well-being, ensuring that the needs of the present generation are met without compromising the ability of future generations to meet their own needs.

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

  1. Intergenerational equity

  2. Intragenerational equity

  3. Economic efficiency

  4. Resource depletion


Correct Option: D
Explanation:

Resource depletion is not a principle of sustainable development. Instead, sustainable development seeks to manage resources in a way that ensures their availability for future generations.

What is the concept of 'carrying capacity' in the context of sustainable development?

  1. The maximum population size that an environment can support indefinitely

  2. The rate at which resources are consumed

  3. The total amount of resources available in an environment

  4. The level of economic growth that can be sustained without environmental degradation


Correct Option: A
Explanation:

Carrying capacity refers to the maximum population size that an environment can support indefinitely, considering the availability of resources and the ability of the environment to absorb waste and pollution.

Which of the following is an example of a sustainable practice in agriculture?

  1. Using chemical fertilizers and pesticides extensively

  2. Adopting crop rotation and intercropping techniques

  3. Clearing forests for agricultural land

  4. Overgrazing livestock


Correct Option: B
Explanation:

Crop rotation and intercropping are sustainable agricultural practices that help maintain soil fertility, reduce erosion, and promote biodiversity.

What is the 'tragedy of the commons'?

  1. The overexploitation of a shared resource by individuals acting in their own self-interest

  2. The depletion of natural resources due to population growth

  3. The negative externalities caused by pollution

  4. The loss of biodiversity due to habitat destruction


Correct Option: A
Explanation:

The tragedy of the commons refers to the situation where individuals acting in their own self-interest overexploit a shared resource, leading to its depletion or degradation.

Which of the following is a renewable resource?

  1. Fossil fuels

  2. Solar energy

  3. Minerals

  4. Groundwater


Correct Option: B
Explanation:

Solar energy is a renewable resource because it is derived from the sun, which is a constantly replenished source of energy.

What is the concept of 'externalities' in economics?

  1. The costs or benefits of an economic activity that are not reflected in the market price

  2. The total cost of producing a good or service

  3. The difference between the market price and the marginal cost of production

  4. The value of a good or service to a consumer


Correct Option: A
Explanation:

Externalities are the costs or benefits of an economic activity that are not reflected in the market price, such as pollution, congestion, or the benefits of education.

Which of the following is an example of a negative externality?

  1. The construction of a new park

  2. The development of a new technology

  3. The production of goods and services

  4. The emission of greenhouse gases


Correct Option: D
Explanation:

The emission of greenhouse gases is a negative externality because it imposes costs on society, such as climate change and its associated impacts, that are not reflected in the market price of the goods and services that produce these emissions.

What is the purpose of a carbon tax?

  1. To reduce greenhouse gas emissions by increasing the cost of emitting carbon dioxide

  2. To generate revenue for the government

  3. To promote the development of renewable energy sources

  4. To subsidize energy-efficient technologies


Correct Option: A
Explanation:

A carbon tax is a tax imposed on the emission of carbon dioxide and other greenhouse gases, with the aim of reducing greenhouse gas emissions by increasing the cost of emitting these gases.

Which of the following is an example of a sustainable energy source?

  1. Coal

  2. Natural gas

  3. Solar energy

  4. Nuclear energy


Correct Option: C
Explanation:

Solar energy is a sustainable energy source because it is derived from the sun, which is a constantly replenished source of energy, and does not produce greenhouse gas emissions.

What is the concept of 'green growth'?

  1. Economic growth that is achieved without compromising environmental sustainability

  2. Economic growth that is driven by the exploitation of natural resources

  3. Economic growth that is focused on short-term profits

  4. Economic growth that is achieved through the use of fossil fuels


Correct Option: A
Explanation:

Green growth refers to economic growth that is achieved without compromising environmental sustainability, by promoting the use of renewable energy sources, reducing pollution, and adopting sustainable practices in agriculture, industry, and other sectors.

Which of the following is an example of a sustainable development goal?

  1. Eradicating poverty

  2. Promoting economic growth

  3. Reducing inequality

  4. Protecting the environment


Correct Option:
Explanation:

The Sustainable Development Goals (SDGs) are a set of 17 goals adopted by the United Nations in 2015, which aim to achieve a sustainable future for all. These goals include eradicating poverty, promoting economic growth, reducing inequality, and protecting the environment.

What is the role of technology in sustainable development?

  1. Technology can help us exploit natural resources more efficiently

  2. Technology can help us reduce our reliance on fossil fuels

  3. Technology can help us develop new sustainable products and services

  4. All of the above


Correct Option: D
Explanation:

Technology can play a significant role in sustainable development by helping us exploit natural resources more efficiently, reduce our reliance on fossil fuels, and develop new sustainable products and services.

What are the challenges to achieving sustainable development?

  1. Population growth

  2. Economic inequality

  3. Climate change

  4. All of the above


Correct Option: D
Explanation:

Achieving sustainable development faces a number of challenges, including population growth, economic inequality, climate change, and the need to balance economic growth with environmental protection and social well-being.

What is the importance of education for sustainable development?

  1. Education can help people understand the importance of sustainable development

  2. Education can help people develop the skills and knowledge needed to contribute to sustainable development

  3. Education can help people change their behavior and adopt more sustainable lifestyles

  4. All of the above


Correct Option: D
Explanation:

Education plays a crucial role in sustainable development by helping people understand the importance of sustainability, developing the skills and knowledge needed to contribute to sustainable development, and changing their behavior to adopt more sustainable lifestyles.

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