ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Most economists do not regard the availability of natural resources as a determinant of productivity.
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The quantity of natural resources does not enter into any production function.
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Inflation-adjusted prices of natural resources are stable or falling over time.
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Inflation-adjusted prices of natural resources rising over time.
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Detailed explanation-1: -Resource conservation means that those resources on which sustainability depends are conserved and even enhanced by agronomic management. Soil organic matter is a good example of an ecosystem resource that is easily reduced without effective management.
Detailed explanation-2: -When we use the environment in ways that ensure we have resources for the future, it is called sustainable development. There are many different resources we need to conserve in order to live sustainably.
Detailed explanation-3: -The term conservation of natural resources refers to the sustainable use and management of natural resources such as animals, water, air, and earth deposits. If we continue to exploit nature, there will be no available resources in the future.
Detailed explanation-4: -Conservation of resources means management of natural resources for all the living beings by which not only the needs of the present generation are fulfilled, but also there may remain all possibilities of nurturing the future generations. Thus, there is an urgent need to conserve the nature.