Question:
Following is NOT a characteristic of ‘Resource’ in Environmental Economics:
Following is NOT a characteristic of ‘Resource’ in Environmental Economics:
Show Hint
Resources are valuable because they are useful and limited. “Unlimited abundance” disqualifies something from being considered a scarce resource.
Updated On: Apr 28, 2025
- Utility
- Limited availability
- Consumption
- Unlimited abundance
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
In Environmental Economics, resources are typically defined by their utility, limited availability, and the fact that they are consumed. A resource being "unlimited in abundance" contradicts the fundamental principle of scarcity, which underpins the concept of resources.
Was this answer helpful?
0
0
Top Questions on Environmental Economics
- Arrange the following incidents in sequential order in the context of man-
made global warming:
(A) The atmospheric concentrations of carbon dioxide and CH4 have increased
(B) Burning of fossil fuels and deforestation
(C) Gradual increase in the average temperature of the earth’s lower atmosphere
(D) Melting of polar ice with a resulting rise in sea level and coastal flooding
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Economics
- Environmental Economics
- Outline and discuss the classification of industries into various categories as per Industrial Policy Resolution, 1956.
- CBSE CLASS XII - 2024
- Economics
- Environmental Economics
- Read the following text carefully: {India’s industrial policy since independence has been shaped broadly in terms of the Industrial Policy Resolution of 1948. It emphasized on the sole responsibility of the government in the matter of promoting, assisting, and regulating the development of industries in the national interest. It envisaged an active and dominant role of public sector.} {The next Industrial Policy Resolution was placed before the Parliament by the Prime Minister on 30th April, 1956. It suggested that, “There is a need for adoption of the socialist pattern of economy as the national objective, along with the need for planned and rapid development. It required that all industries of basic and strategic importance, or in public utility services, should be in the public sector.} {Other industries which are essential and require investment on a massive scale (which only the State could provide) have also to be in the public sector. Thus, the State has to assume direct responsibility for the future development of industries.”} {This Resolution classifies industries into three categories:} {The first category given in Schedule A, consists of industries the future development of which will be the exclusive responsibility of the State.} {In the second category given in Schedule B, are industries which will be progressively State-owned. However, in them, private enterprise will also be expected to participate.} {The third category comprises all the remaining industries, the further development of which will be left to the initiative and enterprise of the private sector.} On the basis of the given text and common understanding, answer the following questions:
- CBSE CLASS XII - 2024
- Economics
- Environmental Economics
- “The participation rate of people in economic activities in rural areas is more than that in urban areas.” Justify the given statement.
- CBSE CLASS XII - 2024
- Economics
- Environmental Economics
- (b)(i) “Every coin has two sides — debate over farm subsidies is one such classic example of the same.”
Justify the given statement with two arguments each in favour of and against the continuation of the farm subsidies.- CBSE CLASS XII - 2024
- Economics
- Environmental Economics
View More Questions
Questions Asked in CUET exam
- If \( 9 + 1 = 81 \), \( 5 + 2 = 49 \), then \( 7 + 3 = \) ?
- Which number will replace the question mark?
3, 6, 18, 72, ?- CUET (UG) - 2025
- Number Series
- Find the odd one out:
2, 6, 12, 20, 30, 42, 56- CUET (UG) - 2025
- Odd one Out
Arrange the following in decreasing order of number of molecules contained in:
(A) 16 g of \( O_2 \)
(B) 16 g of \( CO_2 \)
(C) 16 g of \( CO \)
(D) 16 g of \( H_2 \)- CUET (UG) - 2025
- Mole concept and Molar Masses
- Rearrange the following parts into a meaningful sentence:
P: when the electricity went out
Q: we were watching a movie
R: and had to finish it the next day
S: at my friend's house- CUET (UG) - 2025
- Sentence Arrangement
View More Questions