Question

The standard view of economic growth supports which type of growth pattern?

1. Logistic

2. Linear

3. Quadratic

4. Exponential

5. Bell-shaped

15. Which one of the following policies would not promote sustainable development?

1. Green taxes

2. Application of industrial ecology

3. Increasing agricultural subsidies

4. Accelerating development of renewable energy

5. Increased efficiency in transportation

Answer 1

The correct option is B) Linear.

A linear economy traditionally follows the “take-make-dispose” step-by-step plan. This means that raw materials are collected, then transformed into products that are used until they are finally discarded as waste. Value is created in this economic system by producing and selling as many products as possible.

The correct option is C) Increasing agricultural subsidies.

Farm subsidies are federal government funds paid to U.S. agribusinesses. They help reduce the risk farmers endure from the weather, commodities brokers, and disruptions in demand. But they have evolved to become very complex. As a result, only large producers can take advantage of them.