A Leading Environmental Group Recently Published a Report Contending That

question 91

Multiple Choice

A leading environmental group recently published a report contending that humans are running a "resource deficit" because we are using natural resources faster than they can be regenerated.The group claims that this means that economic growth will eventually stop,and will even be reversed.An economist would

• A)agree with the report,and would point to rising natural resource prices as evidence.
• B)agree with the report,but wouldn't think it was important because growth will not slow down for several centuries.
• C)disagree with the report,in part because it ignores the mitigating effects of technological change.
• D)disagree with the report because labor and capital are the primary determinants of growth,and since they are plentiful,growth will not slow down.

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Definitions:

Russo-Japanese War

A conflict between Russia and Japan (1904-1905) over territorial disputes in East Asia, resulting in a significant military victory for Japan.

Poorly Armed

Refers to individuals or groups having inferior or inadequate weaponry compared to their adversaries.

Transportation System

The infrastructure and operations that provide for the movement of people and goods from one location to another, including roads, railways, airways, and waterways.

Provincial Grocer

A term referring to a grocery store or the store's owner located in a province or region outside the major metropolitan areas.