Natural Resources and the Environment Toward Sustainable Development

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Natural Resources and the Environment Toward Sustainable Developmenteconomics-mcqs › natural-resources-and-the-environment-toward-sustainable-development
Published
30 May 2019
Last updated
28 May 2026

Browse all Natural Resources and the Environment Toward Sustainable Development MCQs

What is another term for a negative externality?

Multiple choice question for Natural Resources and the Environment Toward Sustainable Development. Select an option, then review the explanation below.

Choose the correct answer

Explanation

A negative externality is commonly referred to as external diseconomies, which represent the adverse effects imposed on third parties not involved in the economic transaction.

Practice related questions from the same subject.

  1. 1.Which of the following items is not included in the calculation of the UK's GDP?
  2. 2.Real GDP is calculated using _________ prices, whereas nominal GDP is calculated using _________ prices.
  3. 3.A cobbler purchases leather for Rs100 and thread for Rs50, then crafts and sells shoes valued at Rs500 to customers. What is the contribution to GDP from this activity?
  4. 4.What does Gross Domestic Product (GDP) represent in terms of market value?
  5. 5.Which of the following represents the components used to calculate Gross Domestic Product?

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