Tag: market structure and pricing

Quizzes (5) Questions (24)

Questions Related to market structure and pricing

Multiple choice perfect competition and monopoly market structure and pricing economics

BOD measures the _____.

  1. Amount of bacteria in a given sample of water

  2. Amount of algae being decomposed in a given sample

  3. Amount of oxygen bacteria need to decompose organic matter in a given sample

  4. Amount of oxygen bacteria need to decompose organic matter in a given sample in a fixed period of time
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Biochemical oxygen demand (BOD) is a measure of how much organic pollution is in water. The BOD test measures the amount of dissolved oxygen in water that is used up due to the breakdown of organic pollutants, such as sewage, in a certain number of days.

Multiple choice perfect competition and monopoly market structure and pricing economics

Untreated sewage may cause _____.

  1. Outbreak of epidemic

  2. Cholera outbreaks

  3. Typhoid outbreaks

  4. All of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Untreated sewage is an excellent source of bacterial growth. Such untreated sewage can result in spread of many bacterial diseases like outbreak of epidemics, cholera, typhoid etc.

Multiple choice perfect competition and monopoly market structure and pricing economics

Dumping has major disadvantages, however, especially in heavily polluted areas.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Dumping waste in landfills or open areas has significant environmental disadvantages, including groundwater contamination, air pollution from decomposition, and habitat destruction, especially in densely populated or polluted regions.

Multiple choice perfect competition and monopoly market structure and pricing economics

Newspapers, used bottles, magazines, carry bags, aluminum foils, plastics, metal, glass, old exercise books, oilcans, etc., are called _________. 

  1. Wet waste

  2. Dry waste

  3. Waste disposal

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Dry waste refers to non-biodegradable or recyclable materials like paper, plastic, metal, and glass. Wet waste refers to biodegradable organic matter like food scraps.

Multiple choice perfect competition and monopoly market structure and pricing economics

On the basis of degradation, waste can be segregated as biodegradable and nonbiodegradable. 

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 

The basic difference between biodegradable and non-biodegradable is that biodegradable items decompose or break down naturally whereas Non-biodegradable wastes are those who cannot be decomposed or dissolved by natural agents.

Biodegradable waste can be commonly found in municipal solid waste as green waste, food waste, paper waste, and biodegradable plastics. Other biodegradable wastes include human waste, manure, sewage, slaughterhouse waste.

Non-biodegradable waste includes Plastic products like grocery bags, plastic bags, water bottles, etc. Metals, metal cans, tins, metal scraps, etc. Construction waste, rubber tires, man-made fibers like nylon etc. Computer hardware like glass, CDs, DVDS, cellophane, processed woods, cable wires, Styrofoam etc.

Multiple choice perfect competition and monopoly market structure and pricing economics

Toxic waste includes old medicines, paints, chemicals, bulbs, spray cans, fertilizers and pesticide containers, batteries, shoe polish, etc.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Toxic waste includes substances that are harmful to health or the environment, such as chemicals, batteries, and pesticides, which require special handling.

Multiple choice perfect competition and monopoly market structure and pricing economics

Composting helps reduce the adverse effects of excessive alkalinity, acidity, or the excessive use of chemical fertilizer.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Compost acts as a soil conditioner that helps buffer soil pH and improves soil structure, effectively mitigating issues caused by chemical fertilizers.

Multiple choice perfect competition and monopoly market structure and pricing economics

Kitchen waste, vegetables, fruits, flowers, leaves from the garden, and paper are called ____________.

  1. Organic waste

  2. Recyclable waste

  3. Toxic waste

  4. Soiled
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Organic waste is one which is biodegradable. It can undergo decomposition by the microbes aerobically or anaerobically to form compost which can be used as a fertilizer or it can just become a part of the soil.