George Is an Optimist and Is Fairly Conservative

question 50

Multiple Choice

George is an optimist and is fairly conservative.He agrees with the concept of the logic of growth approach, which

• A)recognizes that natural resources such as oil, clean air, fresh water, and topsoil are limited.
• B)claims that human ingenuity will probably solve any problems of pollution and scarcity.
• C)recognizes that economic growth must have limits.
• D)asserts that we cannot expect Earth to support more and more people with higher living standards without harming the environment and ourselves.

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Definitions:

Neo-classical

Pertaining to a 19th and early 20th-century revival of interest in classical economic theories, focusing on marginal utility, distribution of resources, and the roles of supply and demand.

Classical Economic

refers to a school of thought in economics that emphasizes the importance of free markets, competition, and the self-regulating nature of economic systems, originating mainly from the ideas of Adam Smith.

Concentric

Having a common center, as in circles or spheres that are inside one another.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.