Assertion (A): National wealth affects the economic growth of a country.
Reason (R): The wealth of a nation lies in its natural resources and other productive assets.
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not a correct explanation of A.
A is true but R is false
A is false but R is true
If business damages enviornment, who could take action to harm the firm's reputation and sales?
Pressure groups
Court
Political parties
None of the above
Which of the followingis an example of a private benefit?
Money made from the sale of products
Jobs will be created
Other firms may move into the area to provide services to the firm.
Important products will be produced to benefit the society.
The nations of the world are increasingly considering economic growth in terms of its.
Prosperity
Sustainability
Efficiency
Profitability
Which of the following is an example of an external benefit?
Cost of land
Cost of construction
Labour costs
Which of the following are the type of activities that conserve the environment or do not deplete scarce resources?
Enviornmentally friendly
Social friendly
Customer friendly
In cost benefit analysis, when will the government probably refuse permission?
If the total social benefit is greater than the total social cost
If the total social benefit is less than the total social cost
If the total social benefit is equal to the total social cost
Assertion (A): Businesses must change how they operate to minimise their costs and avoid legal action.
Reason (R): There is a danger that their current products, or methods of production and distribution will have a negative impact on people outside the business.
In what terms can economic growth be measured ?
GDP
GNP
NNP
Inflation
Which one is a pressure group?
SAARC
Greenpeace
WWF
ASEAN
