BOTANY
BIOTECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economy would decline because of job loss.
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The economy would suffer as funding for research decreases.
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The economy would increase due to an increase in production.
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The economy would improve when the government offers assistance.
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Detailed explanation-1: -North Carolina has over 400 biotechnology companies. How would the economy most likely change if that number were reduced by half? The economy would decline because of job loss.
Detailed explanation-2: -The sector generates $56.4 billion in annual economic activity and provides 132, 500 jobs. The state is No. 5 in research, testing and medical labs, a sector that generates $13.7 billion in economic activity and supports more than 75, 000 jobs.
Detailed explanation-3: -Residents of NC presently burn 5 billion gallons of imported petroleum-based liquid fuel per year. How would the state’s economy be affected if NC could produce biofuels locally as a replacement? The economy would improve with new jobs and tax revenue. NC has over 400 biotechnology companies.
Detailed explanation-4: -Products developed with agricultural biotechnology may contribute to the reduction of greenhouse gas emissions, such as cover crops that provide sustainable biofuels, fruits and vegetables that stay fresh longer and reduce food waste.
Detailed explanation-5: -The application of biotechnology in agriculture has resulted in benefits to farmers, producers, and consumers. Biotechnology has helped to make both insect pest control and weed management safer and easier while safeguarding crops against disease.