Natural Resources and the Environment Toward Sustainable Development MCQs ( Economics ) MCQs – Economics MCQs
This post is comprising of latest ” ( Economics ) MCQs – Latest Competitive Medical MCQs “. Here you’ll get latest Economics mcqs for written test, interview with answers. If you want to improve your knowledge regarding Economics then read these mcqs of Design of Steel Structures.
Latest Economics MCQs
By practicing these MCQs of Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics ) MCQs – Latest Competitive Medical MCQs , an individual for exams performs better than before. This post comprising of mechanical engineering objective questions and answers related to “Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics ) Mcqs “. As wise people believe “Perfect Practice make a Man Perfect”. It is therefore practice these mcqs of Economics to approach the success. Tab this page to check “Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics )” for the preparation of competitive mcqs, FPSC mcqs, PPSC mcqs, SPSC mcqs, KPPSC mcqs, AJKPSC mcqs, BPSC mcqs, NTS mcqs, PTS mcqs, OTS mcqs, Atomic Energy mcqs, Pak Army mcqs, Pak Navy mcqs, CTS mcqs, ETEA mcqs and others.
Latest Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics ) Mcqs
The most occurred mcqs of Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics ) in past papers. Past papers of Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics ) Mcqs. Past papers of Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics ) Mcqs . Mcqs are the necessary part of any competitive / job related exams. The Mcqs having specific numbers in any written test. It is therefore everyone have to learn / remember the related Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics ) Mcqs. The Important series of Natural Resources and the Environment Toward Sustainable Development Mcqs ( Economics ) Mcqs are given below:
UK GDP would exclude which of the following ?
A. The purchase of a new Nissan produced in Sunderland
B. Lawyer services purchased by a home buyer
C. Copper purchased by tap manufacturer Bristan
D. A new art gallery purchased by the city of Newcastle
E. Lawn care services purchased by a home owner.
Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?
A. foreign; domestic
B. domestic; foreign
C. current year; base year
D. base year; current year
E. intermediate; final
If a cobbler buys leather for Rs100 and thread for Rs50 and uses them to produce and sell Rs500 worth of shoes to consumers the contribution to GDP is ?
A. Rs50
B. Rs650
C. Rs100
D. Rs500
Gross Domestic Product is the sum of the market value of the ?
A. manufactured goods
B. final goods and services
C. intermediate goods
D. inferior goods and services
E. normal goods and services
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. investment wages profits and intermediate production
D. Net National Product Gross National Product, and Disposable personal income
E. consumption transfer payments. wages and profits.
The value of plant and equipment worn out in the process of manufacturing goods and services is measured by ?
A. Net National Product
B. intermediate production
C. Investment
D. depreciation
E. consumption
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 is only measured every five years:
C. It does not measure the quality of the items produced
D. It measures Gross Domestic Product
To adjust from Gross National Product to Net National Product ?
A. Deduct indirect taxes
B. Deduct depreciation
C. Deduct subsidies
D. Add inflation
In a boom ?
A. Prices are likely to fall
B. Surpluses are likely to occur:
C. Supply will increase immediately to match demand
D. Shortages may occur
The standard of living is often measured by ?
A. Real GDP per capita
B. Real GDP population
C. Real GDP
D. Real GDP plus depreciation
Fiscal And Monetary Policy MCQs
Net National Product equals ?
A. Gross Domestic Product adjusted for inflation
B. Gross National Product adjusted for inflation
C. Gross Domestic Product plus net property income from abroad
D. Gross National Product minus depreciation
If your grandparents buy a newly built retirement home, this transaction would affect ?
A. investment
B. government purchases
C. net exports
D. consumption
E. none of these answers
How is your purchase in Pakistan of a Rs40,000 BMW automobile that was produced entirely in Germany recorded in the Pakistan’s GDP accounts ?
A. Consumption in increase by Rs40,000 and net export decreases by Rs40,000
B. There is no impact because this transaction does not involve domestic production
C. Net exports increase by Rs40,000
D. Investment increased by Rs40,000 and net exports increases by Rs40,000
If Pakistan’s GDP exceeds Pakistan’s GNP, then ?
A. real GNP exceeds nominal GNP
B. foreigners are producing more in the Pakistan then Pakistanis are producing in foreign countries
C. intermediate production exceeds final production
D. real GDP exceeds nominal GDP
GDP would include which of the following ?
A. intermediate sales
B. consulting services
C. the value of taking a day off from work
D. illegal drug sales
E. housework
If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?
A. must have risen
B. must have fallen
C. must have stayed the same
D. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output
Pakistan’s Gross Domestic Product (in contrast to Gross National Product) measures the production and income of ?
A. Pakistan -owned firms no matter where they are located in the world
B. The domestic manufacturing sector only
C. People and factories located within the borders of the Pakistan
D. The domestic service sector only
E. none of these answers
Which of the following would be excluded from UK GDP fro 2005? The sale of ?
A. a haircut
B. a 2005 Honda made in Swindon
C. the value of a lawyer’s services
D. All of things mentioned in these answers should be counted in 2005 GDP.
An example of a transfer payment is ?
A. rent
B. Profit
C. unemployment benefits
D. government purchases
E. wages
In a recession a government ?
A. Is likely to want to decrease demand in the economy
B. Is likely to want to decrease demand in the economy
C. Is likely to want to stabilise demand in the economy
D. Is likely to want to increase supply in the economy
To adjust GDP from market prices to factor cost ?
A. Deduct indirect taxes and subsidies
B. Subtract subsidies
C. Add indirect taxes
D. Deduct indirect taxes and add subsidies
GDP plus net property income from abroad equals what ?
A. GNP
B. Depreciation
C. NNP
D. Real GDP
In a recession ?
A. Prices are likely to increase
B. Unemployment is likely to be low
C. Growth is negative
D. Growth is slow
Gross National Product equals ?
A. Gross Domestic Product plus net property income from abroad
B. Gross Domestic Product adjusted for inflation
C. Net National Product adjusted for inflation
D. Net National Product plus net property income from abroad
The Club of Rome Study, The Limits to Growth suggests that as natural resources diminish ?
A. technological change compensates for capital depletion
B. capital increasingly replaces labor
C. costs rise, leaving less capital for future investment
D. contingent valuation becomes critical
Taxation MCQs
The green house effect is the phenomenon by which ?
A. the globe’s water pollution affects plankton
B. biological diversity is dominant in agricultural production
C. the earth’s atmosphere traps infrared radiation
D. climatic changes occur naturally in the forest
Many environmental resources are public goods, which are characterized by ?
A. rivalry but nonexclusion in production
B. nonrivalry and nonexclusion in consumption
C. rivalry and exclusion in consumption
D. nonrivalry but exclusion in usage
According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?
A. individuals overuse of the biosphere is curtailed
B. participants will organize their transactions
C. violence displacement erosion and poverty are minimized
D. population growth leads to rigid land rights
Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?
A. II and III only
B. I and III only
C. I, II and III only
D. I, II , III only IV
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. Iraq
B. Saudi Arabia
C. Russia
D. Venezuela
The government levying taxes on polluters or charging a surcharge for pesticide use are ?
A. marginal abatement cost
B. internalization of negative spillover effects
C. examples of Coase’s theorem
D. examples of a free rider
Air pollution from automobile exhausts, and water pollution steel plants are examples of ?
A. internal spillover
B. negative externalities
C. external economies
D. social distortion
Land and natural resources are considered ?
A. common property resources
B. capital accumulation
C. non-producible
D. output
The Genuine Progress indicator is ?
A. also known as index of Sustainable Economic Welfare per capita
B. increasing from 1976 to 2000
C. resource depletion and environmental cost divided by GDP per capita
D. GDP plus resource depletion and environmental cost
The Montreal Protocal, signed in 1987 and strengthened in 1990 ?
A. minimizes free riders of public goods
B. relies on internationally tradable emission permits
C. attains the global optimal level of common property resource
D. reduces ozone depletion through the cutting of chlorofluorocarbon production
Biodiversity ?
A. includes genetic species ecosystem and functional diversities
B. refers to reconstruction of tropical rainforests
C. refers to diversifying earth’s nonrenewable resource
D. refers to biological effects on commercial plantation
Irreversibility refers to ?
A. natural resource that cannot be reproduced in the future if we fail to preserve them now
B. natural extinction of various species in DCs
C. obtaining intellectual property rights for products
D. industrialization replacing agriculture in LDCs
Deforestation ?
I- leads to localized flooding
II- reduces sustainable logging potential
III- reduces watershed stability
IV augments carbon restoration provided by forest
Monetary Union MCQs
A. III and IV only
B. I and II only
C. I, II and III only
D. I, II , III and IV only
Theodore panayotou (1993) argues that environment degradation originates from the following EXCEPT ?
A. markets distortions
B. inadequate property
C. defective economic policies
D. the expansion of capitalism
The booming of North Seas’ gas export revenues in the 1970s that appreciated the guilder, making industrial export more costly in foreign currencies and increasing foreign competition and unemployment is known as ?
A. Blind river disease
B. Trade deficit
C. Dutch disease
D. Economic turmoil
Negative externality is also known as ?
A. external diseconomies
B. public goods
C. marginal damage
D. resource curse
Which of the following is an example of tragedy of commons ?
A. over fishing
B. excessive rain
C. smoking in a public place
D. common use of public toilets
The Organization of Petroleum Exporting Countries (OPEC) is a(n) _________whose members agree to limit output and fix prices?
A. entropy
B. monopoly
C. industry
D. cartel
Progress that meets the needs of the present without compromising the ability of future generations to meet their own needs is ?
A. net primary productivity (NPP)
B. sustainable development
C. the tragedy of commons
D. the impossibility theorem