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Sustainable Economic Development

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Sustainability considers....

a)

Short term capacity to exist

b)

Long term capacity to exhaust

c)

Long term capacity to exist

d)

Short term capacity to exhaust

2.

The study of how public goods got exhausted by the actors in a free market economy

a)

New Growth Theory

b)

Great Moderation

c)

Tragedy of the Commons

d)

Solow-Swan Model

3.

Who coined the term "Risk Society"?

a)

John Maynard Keynes

b)

Ulrich Beck

c)

Milton Friedman

d)

Joshua Torres

4.

The 17th SDG of the United Nations is "Partnerships For The Goals", which is to revitalize the global partnership for sustainable development.

a)

False

b)

True

5.

Control of the amount of money in circulation to reach stabilization

a)

Monetability

b)

Value - Added

c)

Monetarianism

d)

Monetarism

6.

The 12th Sustainable Development Goals of the United Nations is "Climate Action"

a)

False

b)

True

7.

The recognition of the UN's Goals as all inter-connected in a system is called universality.

a)

False

b)

True

8.

It is the firmness in position, permanence, and resistance to change

a)

Scarcity

b)

Sustainability

c)

Standard

d)

Stability

9.

The Sustainable Development Goals of the United Nations is a set of goals for the world's future, through 2035.

a)

False

b)

True

10.

It is widely recognized that achieving the SDGs involves making fundamental changes in how we live on Earth, and it's called transformation.

a)

False

b)

True

11.

GDP is the only important index

a)

False

b)

True

12.

This are areas of economic models that should be re-thought and redesigned, except:

a)

New clarification on what an efficient market is

b)

There are many different institutional ways to efficient economic systems

c)

What is economic growth and what kind of growth is compatible with the idea of sustainability?

d)

Increased exposition of the world economic systems on crisis & contagion effects

13.

In Limited Market Economy (LME), the concept in labor is hire and fire

a)

False

b)

True

14.

In Coordinated Market Economy (CME), there is dynamic access to resources.

a)

False

b)

True

15.

Who described Market Assumptions as a Rocking Horse: no matter the reason, a horse with blinkers will move in an expected way?

a)

Dani Rodrik

b)

Knut Wicksell

c)

Ulrich Beck

d)

Joshua Torres

16.

Tim Jackson criticized a "soft" conciliation approach to growth as represented by green parties.

a)

False

b)

True

17.

Who said that “Markets are the essence of a market economy in the same sense that lemons are the essence of a lemonade. Pure lemon juice is barely drinkable. To make a good lemonade, you need to mix it with water and sugar.”

a)

Dani Rodrik

b)

Knut Wicksell

c)

Ulrich Beck

d)

Joshua Torres

18.

A higher number of goods delivered in a national economy translates to long-term growth

a)

False

b)

True

19.

Markets as the most efficient way of social coordination and true growth-creating machines.

a)

Capitalism

b)

Liberalism

c)

Conservatism

d)

Neo-liberalism

20.

Formal concept of markets which dominates modern economics

a)

Demand and Supply

b)

Demand and Price

c)

Profit and Equilibrium

d)

Price and Equilibrium