#1
Which of the following is a characteristic of sustainable development?
Preserving natural resources for future generations
ExplanationEnsuring resource preservation for future sustainability.
#2
What does GDP stand for in economics?
Gross Domestic Product
ExplanationTotal monetary value of all goods and services produced within a country's borders.
#3
What is the concept of 'externalities' in economics?
Costs or benefits that affect parties who did not choose to incur them
ExplanationIndirect effects of economic activities affecting unrelated parties.
#4
Which of the following is an example of a renewable energy source?
Solar Power
ExplanationEnergy derived from sunlight, which is naturally replenished.
#5
What is the 'tragedy of the commons' in economics?
A situation where individuals exploit shared resources for personal gain, leading to their depletion
ExplanationOveruse of commonly held resources resulting in their degradation or depletion.
#6
What is the concept of 'green growth' in economics?
Sustainable economic growth that takes into account environmental concerns
ExplanationEconomic growth that balances economic development with environmental sustainability.
#7
Which of the following is not a component of the Sustainable Development Goals (SDGs)?
Economic Stagnation
ExplanationEconomic stagnation is not one of the defined goals for sustainable development.
#8
What is the primary purpose of microfinance?
To provide small loans to entrepreneurs who lack access to traditional banking systems
ExplanationOffering financial services to those unable to access traditional banking.
#9
Which economic theory argues that government intervention is necessary to ensure economic stability and growth?
Keynesian economics
ExplanationTheory advocating for government intervention in economic matters.