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ECO292


Question: In a sense, there is no …….. need to have a separate course for natural and environmental resources?
Answer: [D] Theoretical

Question: ………... was conceived as the study of the allocation of scarce resources among alternative, competing ends, in the quest to satisfy human wants?
Answer: [B] Economics

Question: The early ………. of economic thought was laid down by the classical and neo-classical economists?
Answer: [A] Tradition

Question: The impacts of production and consumption on the natural environment were explicitly brought into the mainstream of economic theory?
Answer: [B] False

Question: In the early 1970s, the reality of economic thought brought to a halt the perception of ……………. merely as a science of production and distribution?
Answer: [D] Economics

Question: It must take into consideration the effects of resource use in production and distribution on the natural environment which supplies these resource …………….?.
Answer: [B] Inputs

Question: Economist are increasingly being called upon to help guide the …. of environmental management and to provide measurable criteria by which environmental policies can be evaluated?
Answer: [B] Process

Question: In the new thinking, economics is no longer perceived as the science of production and distribution which …………... the environmental repercussions of economic activities?
Answer: [C] Neglects

Question: Regulation therefore brings into fore the issue of environmental policy, which nearly all countries all over the world now spend ……... to formulate at national and international levels?
Answer: [A] Resources

Question: The classical and neo-classical economists underestimated the ………………... issues of production and consumption
Answer: [C] environmental