At Today's Level of Consumption,scientists Estimate That We Would Need

question 46

Multiple Choice

At today's level of consumption,scientists estimate that we would need the equivalent of ____ planet Earths to sustain our use of resources in 2050.

• A) 1.0
• B) 1.1
• C) 1.2
• D) 1.3
• E) 2.0

---

Definitions:

Classical Theory

An economic theory proposing that free markets can regulate themselves through the relationship of supply and demand without government intervention.

Interest Rate

The percentage charged on a sum of money borrowed or earned on a sum of money invested, typically expressed as an annual percentage rate.

Saving

The portion of income not spent on current consumption but set aside for future use, often put into investments or deposit accounts.

Investment

Allocation of resources, usually money, to generate income or profit, including purchases of bonds, stocks, or property.