As Discussed in the Text, the Concept of 'Sustainable Development

question 24

Multiple Choice

As discussed in the text, the concept of 'sustainable development' has two main components. Which among the following is included among them?

• A) development involves a trade-off between nature and humanity
• B) international agreement on environmental goals requires money
• C) economics is not sustainable in its present form
• D) development is needed to meet the needs of the poor

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Definitions:

U.S. Economy

The economic system of the United States, characterized by a mixed economy with both private enterprise and government intervention.

Open Economy

An economy that engages in international exchange of goods, services, and capital.

Foreign Trade

The exchange of goods, services, and capital between countries and territories, influencing the global economy.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period.