Julian Simon Has Challenged the Doomsday Model Because He Believes

question 15

Multiple Choice

Julian Simon has challenged the doomsday model because he believes that the problems of pollution and environmental stress will ultimately be solved because __________.

• A) nature always achieves homeostasis
• B) the world population will decrease due to epidemic diseases such as AIDS
• C) human creativity and science will provide the key to solving the problems
• D) human populations cannot exceed the Earth's carrying capacity

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Definitions:

Current Account

The current account is a component of a country's balance of payments that includes the balance of trade, net primary income, and net income from abroad.

Capital Account

The capital account, in international economics, refers to part of a country's balance of payments that records all transactions involving the purchase or sale of assets.

Gold Standard

A monetary system in which the value of a country's currency is directly linked to a fixed amount of gold, allowing for the conversion of currency into a specified amount of gold.

Floating Exchange Rates

A currency valuation system where exchange rates are determined by the free market forces of supply and demand without direct government intervention.