A Leading Environmental Group Recently Published a Report Contending That

question 6

Multiple Choice

A leading environmental group recently published a report contending that humans are running a "resource deficit" because we are using natural resources faster than they can be regenerated. The group claims that this means that economic growth will eventually stop, and will even be reversed. How would an economist respond to this report?

• A) An economist would agree with the report, and would point to rising natural resource prices as evidence.
• B) An economist would agree with the report, but wouldn't think it was important because emerging markets are likely to discover additional natural resources.
• C) An economist would disagree with the report, in part because it ignores the mitigating effects of technological change.
• D) An economist would disagree with the report because labour and capital are the primary determinants of growth, and since they are plentiful, growth will not slow down.

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Definitions:

Israeli Kibbutzim

Community settlements in Israel, traditionally based on agriculture, sharing a philosophy of communal living and mutual aid.

Communal Caretakers

Refers to individuals or groups within a community who share the responsibility of caring for and nurturing members, particularly children, to foster a sense of shared support and upbringing.

Secondary Intersubjectivity

The shared understanding and engagement between individuals about the world around them, developed around the end of the first year of life.

Complex Interaction

Involves multiple, often intricate relationships and effects between different factors or entities.