What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ?

Related Mcqs:

1. 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

2. When government employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because ?

   A. there are no benefits to the public since a public good is not excludable
   B. the benefits are infinite because a public good is not rival and an infinite amount of people can consume it at the same time
   C. one can never place a value on human life or the environment
   D. respondents to naires have little incentive to tell the truth.

3. If goods are exported for less than society’s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?

   A. an import subsidy
   B. a quota
   C. comparative advantage
   D. an export subsidy

4. When you consume good Q, not only do you benefit form consuming the good but other people benefit from your consumption as well, if firms produce good Q where P = MC, firms will be producing ?

   A. less than the efficient level of output
   B. more than the efficient level of output
   C. so that consumer surplus is zero
   D. the efficient level of output

5. Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?

   A. price distortions
   B. consumer surplus
   C. shadow prices
   D. exchange rates

6. Which one of the following four agricultural resources by way of crops cultivated by man does not belong to the group comprising the remaining three ?

   A. Coffee
   B. Fruits
   C. Sugarcane
   D. None of these

7. Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

   A. really don’t disagree at all It just appears that they disagree.
   B. disagree because they have different values.
   C. none of these answers.
   D. disagree because they have different scientific judgments.

8. Unemployment benefits may increase the unemployment rate because unemployment benefits ?

   A. encourage people to quit their jobs
   B. reduce the cost of job search
   C. enable people to quit searching for work
   D. reduce the benefits of additional job searching

9. One of the benefits of putting resources into agricultural projects is that ?

   A. Successful agricultural projects produce surplus food to support urban development
   B. agricultural investment will prevent the flight of capital abroad
   C. agricultural projects usually have low import requirements
   D. export prices for agricultural products are more stable than those for industrial products

10. Mention a mutual fund that is invested primarily in stocks with a history of and future potential for capital gains ?

    A. Common fund
    B. Stock fund
    C. Growth fund
    D. Capital growth fund