Environmental Economics

Examples of renewable resources

• wind energy

• solar energy

• petrol

• diesel

Water is a cyclic resource

• true

• false

Sustainable use of natural resources

• preservation

• protection

• conservation

• destruction

According to Gifford Pinchot

• natural resources should be given for greatest number of people for the longest time

• natural resources should be protected by government

• It is the duty of the citizens to protect resources

• none

Resources' life can be prolonged by

• preserving

• recycling

• destructing

• reusing

Environment conservation is crucial because

• Government gives much focus on that

• By this we can love others

• it gives much media attention

• resource extraction methods are harmful to the environment

First line of defense to protect the resource is through

• Soil preservation

• water protection

• waste reduction

• none

Which among the following are the ways of waste reduction

• Increasing the durability of products

• Material substitution

• Recycling

• none

Increasing the durability of product is otherwise called

• Product multiplicity

• Product life extension

• Product journey

• Product preservation

Why producers produce low quality goods?

• Because of the plenty availability of cheap raw materials

• In order to increase their profit margins

• They are monopolists

• Consumers demand is inelastic