What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ?
Correct answer: B. Sustainable development
- A. Prudent development
- B. Sustainable development
- C. Managed economy
- D. None of these
Explanation
Sustainable development meets present needs while preserving resources and opportunities for future generations. Its key idea is balancing current benefits with the long-term capacity of the economy and environment.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
The term technology refers to______________?
Which of the following is referred by the phrase trade balance ?
What is artificial currency ?
The term Remittance refers to_______________?
A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?
How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?