Home › Coal India MT › economics › environment_sustainable_development › Identify the statement that BEST captures the 's…
Identify the statement that BEST captures the 'supply-demand reversal' argument for the current environmental crisis.
ADemand for environmental resources has remained below supply, but new regulations create artificial scarcity
BBoth supply and demand of environmental resources have stayed constant; the crisis is purely social
CSupply of environmental services has always exceeded demand, so industrial pollution has no effect
DEarlier supply exceeded demand, keeping pollution within absorptive capacity; today demand exceeds supply due to overuse and misuse, triggering crisis
Answer & Solution
Correct answer: D. Earlier supply exceeded demand, keeping pollution within absorptive capacity; today demand exceeds supply due to overuse and misuse, triggering crisis
In the pre-industrial era, demand was lower than supply so pollution stayed within absorptive capacity. Population growth and the industrial revolution reversed this — demand for environmental resources and services now exceeds the regeneration and absorptive capacity of the environment, generating the current crisis.
Related questions
Among the strategies for sustainable development discussed in the chapter, which option coWhich of the following statements about renewable and non-renewable resources is INCORRECTWhich of the following is correctly identified as an example of an inland water body whoseCompared with the Brundtland definition, Edward Barbier's framing of sustainable developmeWhich of the following claims about ozone depletion, as discussed in the chapter, is INCORHerman Daly likens the carrying capacity of the environment to which of the following?Which of the following is NOT a contributor identified in the chapter for India's land degA truck driver was fined ₹10,000 because his vehicle was emitting heavy black soot. The ec