Tag: introduction to natural resources (eco)

Questions Related to introduction to natural resources (eco)

Proposal of 'The Alliance of Small Island States (AOSIS)' extends up to which of the following years?

  1. 2020

  2. 2017

  3. 2018

  4. 2019


Correct Option: B
Explanation:

Alliance of Small Island States (AOSIS) is an intergovernmental organization of low-lying coastal and small island countries. Main purpose of the alliance is to consolidate the voices of Small Island Developing States (SIDS) to address global warming. 

The proposal of this organisation extends up to the year 2017.

Read the following statement carefully. Write True or False with a reason.
A free medicine given to the patients in hospitals is not a scarce commodity.

  1. True

  2. False


Correct Option: B
Explanation:

Although medicine is available at zero price, yet it is a scarce commodity. Because it involves some opportunity cost.

Read the following statement carefully. Write True or False with a reason.
Economic problem and scarcity of resources are not related to each other ____________.

  1. True

  2. False


Correct Option: B