Economics and the environment

What does environmental sustainability refer to in economics?

• Exploiting natural resources without limits

• Meeting the needs of the present without compromising the future needs

• Prioritizing economic growth over environmental concerns

• Reducing government regulations on environmental issues

Which of the following is a statistical indicator used to assess environmental sustainability?

• Gross Domestic Product (GDP)

• Unemployment rate

• Carbon emissions per capita

• Inflation rate

How do environmental regulations impact sustainability efforts?

What is the role of consumers in promoting environmental sustainability?

Why might businesses adopt environmentally sustainable practices?

• To attract environmentally conscious customers and enhance reputation

• To avoid breaking environmental laws

• To get government subsidies

• All of the above

How can the government promote environmental sustainability?

• Providing subsidies to households and businesses

• By introducing a carbon tax

• Offering tax offsets

• All of the above

There has been another sector added to the circular flow model, in addition to the consumer or household sector and the business or producer sector. True or false?

• True

• False

For economic growth to be​ ​​ ​ (a)   so future generations do not have reduced (b)   , the use and disposal of natural and environmental resources need to be ​ (c)   very carefully.

• sustainable
• growing
• opportunities
• exploited
• income
• managed

What can affect whether the level of economic activity or GDP is sustainable? Select all options that apply. 

• the rate of population growth

• the strength of the national Environmental Protection Agency

• the types of goods and services that are produced and, at the end of their life, how they are disposed

• advances in technology and new discoveries

Select the correct definitions of renewable energy.

• includes solar and wind energy

• includes coal-generated gas but not electricity

• is sustainable into the future

• can help reduce greenhouse gas emissions