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
None of the above
Which type of growth provides lasting benefit for a nation?
Sustainable
Balanced
Rapid
Slow
Which of the following is an example of a private cost?
Cost of land
Pollution caused by waste products
Health hazards
Money made from the sale of products
Which of the followingis an example of a private benefit?
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.
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): 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
Which of the following is an example of a external cost?
Cost of construction
Labour costs
Pollution
There are different ways of trying to put a money value on environmental impacts. The method that uses the actual costs faced by people and firms is called:
Contingency valuation
Financial costs
Cost-benefit analysis
Revealed preference
Which one of the following given below is not an external constraint of business?
Technological change: New products
Technological change: New production processes
Employees problems
Enviornmental issues
What are licenses to pollute up to a certain level called?
Penalties
Laws
Pollution permits
Pressure groups