The Attempt to Reconcile Global Economic Development with Protections for the Environment

question 13

Multiple Choice

The attempt to reconcile global economic development with protections for the environment is called:

• A) biodiversity.
• B) environmental integrity.
• C) social demographics.
• D) sustainable development.
• E) managed retreat.

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Definitions:

Recessions

Phases of momentary economic slump that lead to a reduction in trading and industrial activities, frequently identified by declining GDP in two successive quarters.

Aggregate Demand

The total demand for all goods and services in an economy at a given general price level and in a given time period.

Aggregate Supply

The aggregate output of goods and services that companies in a national economy aim to market within a given timeframe.

Classical Economic Theory

A broad school of thought in economics that emphasizes the role of market forces and the flexibility of prices in achieving economic equilibrium, advocating minimal government intervention.