An Ecological Deficit Is Created When

question 37

Multiple Choice

An ecological deficit is created when

• A)a country's ecological footprint is smaller than its biological capacity to replenish its renewable resources and absorb the resulting wastes.
• B)a country overestimates its spending in the current fiscal year.
• C)a country depletes its annual budget faster than its biological capacity to replenish its renewable resources.
• D)a country depletes its natural capital slower than its biological capacity to replenish its renewable resources and absorb the resulting wastes.
• E)a country depletes its natural capital faster than its biological capacity to replenish its renewable resources and absorb the resulting wastes.

---

Definitions:

Historical Cost

The original monetary value of an asset or investment at the time of its purchase, disregarding inflation over time.

Accounting Principle

Guidelines and standards intended to bring consistency and integrity to the financial reporting process.

Cost Or Market

An inventory valuation method that requires inventory to be recorded at the lower of its historical cost or its current market value.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal, used in inventory valuation.