Economics Mcqs
Land and natural resources are considered ?

A. Capital accumulation
B. Common property resources
C. Non-producible
D. Output

Air pollution from automobile exhausts, and water pollution steel plants are examples of ?

A. External economies
B. Negative externalities
C. Internal spillover
D. Social distortion

The government levying taxes on polluters or charging a surcharge for pesticide use are ?

A. Examples of coase’s theorem
B. Internalization of negative spillover effects
C. Marginal abatement cost
D. Examples of a free rider

Deforestation ?

I- Leads to localized flooding
Ii- reduces sustainable logging potential
Iii- reduces watershed stability
Iv Augments carbon restoration provided by forest

Irreversibility refers to ?

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

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 Montreal Protocal, signed in 1987 and strengthened in 1990 ?

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

Negative externality is also known as ?

A. External diseconomies
B. Marginal damage
C. Public goods
D. Resource curse

Theodore panayotou (1993) argues that environment degradation originates from the following EXCEPT ?

A. Markets distortions
B. Defective economic policies
C. Inadequate property
D. The expansion of capitalism