ECO292
Question: In a sense, there is no …… need to have a separate course for natural and environmental resources?
Answer: Theoretical
Question: …….. was conceived as the study of the allocation of scarce resources among alternative, competing ends, in the quest to satisfy human wants?
Answer: Economics
Question: The early …… of economic thought was laid down by the classical and neo-classical economists?
Answer: Tradition
Question: The impacts of production and consumption on the natural environment were explicitly brought into the mainstream of economic theory?
Answer: False
Question: In the early 1970s, the reality of economic thought brought to a halt the perception of ……………. merely as a science of production and distribution?
Answer: Economics
Question: It must take into consideration the effects of resource use in production and distribution on the natural environment which supplies these resource ….?.
Answer: Inputs
Question: Economist are increasingly being called upon to help guide the …. of environmental management and to provide measurable criteria by which environmental policies can be evaluated?
Answer: Process
Question: In the new thinking, economics is no longer perceived as the science of production and distribution which …… the environmental repercussions of economic activities?
Answer: Neglects
Question: Regulation therefore brings into fore the issue of environmental policy, which nearly all countries all over the world now spend …… to formulate at national and international levels?
Answer: Resources
Question: The classical and neo-classical economists underestimated the …… issues of production and consumption
Answer: environmental
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