Economic values and environment HC 2024

Which of the following best describes economic values?

• Personal beliefs about money

• Principles guiding economic policies and decisions

• Economic indicators of a nation's wealth and prosperity

• Market prices and fluctuations

Income inequality within a society is primarily influenced by:

• Government regulations

• Technological advancements

• Economic values

• Cultural practices

In a market economy, resource allocation is primarily determined by:

• Government agencies

• Supply and demand

• Economic values

• Social customs

Which of the following illustrates a potential conflict between economic and ethical values?

• Corporate social responsibility initiatives

• Fair trade practices

• Exploitative labour practices

• Sustainable business models

  
  

International trade policies are often shaped by:

• Cultural values

• Economic values

• Political ideologies

• Environmental concerns

Which factor primarily influences consumer purchasing decisions?

• Personal preferences

• Economic values

• Advertising

• Social pressure

How do technological advancements impact economic values?

• By increasing income inequality

• By reducing production costs

• By decreasing consumer demand

• By encouraging traditional practices

When evaluating the environment in economic terms, which of the following is a consideration?

• Social equity

• Cultural diversity

• Ecological sustainability

• Technological advancement

Which economic concept is most relevant for assessing the value of preserving biodiversity?

• Gross Domestic Product (GDP)

• Consumer Price Index (CPI)

• Discounted cash flow

• Total Economic Value (TEV)

How might the depletion of natural resources affect a nation's economy?

• Increase in economic growth

• Decrease in inflation

• Reduction in future productivity

• Stabilisation of currency