1. Precisely define sustainable economic growth. Provide an example of a sustain
ID: 1116392 • Letter: 1
Question
1. Precisely define sustainable economic growth. Provide an example of a sustainable 2. TRUE or FALSE. Technological progress is always good for the environment. 3. TRUE or FALSE. Environmental Kuznet Curve is a hypothesis that predicts environ- mental quality to deteriorate while a country is developing, and then after a certain average income is achieved, environmental quality begins to improve. 4. TRUE or FALSE. The demand for oil in Alaska is given by 8-0.4q while the supply is 2. If Alaska has 20 barrels of oil for two years and the interest rate is 10%, it is better for Alaska to extract 5 barrels in year one and 15 barrels in year two than to extract 15 barrels in year one and 5 barrels in year two. 5. What is the resource curse? Give two examples.Explanation / Answer
Answer 1 : Sustianable economic growth means a rate of growth can be formed without ignoring the problem of resources or utilising the resources in such a manner that they can used for present generation and available for future generation also. Resources should not destroyed neither depleted from an enviornment and it is abundant available for future generation also.
Sustianable economic growth has certian features such as :
Example : It should include such as Community - Heat &Soul , Seatllesouth lake union neighbourhood and Green ville , South carolina westside.
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Answer 2 : The statement is False. As technological progress is always not good for the enviornment because with technolgical progress there are some ill effect such as use of advance techniques and machines has increased pollution as a result from which enviornment has been distrubted. New technology means more production and more consumpation result in air pollution.
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Answer 3 : The statement is True. As Kuzent curve hypothesis shows that when average income has been increased than there is higher economic growth which result in improving enviornment quality in the long run scanerio.
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Answer 5 : Resource curse means that plenty or lower economic growth but the resources are available at abundant. The resources should be available in larger quantity but there is no economic development in the country.
Examples are : Saudi Arabia and Nigeria
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Answer 4: The statement is true such as alaska made minimum production in year 1 so that there is interest rate earned by them and in year 2 they extracted maximum oil from barrels.
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