1. Total value of a country commodity in a year is known as...... *GDP*
2. fungibility of resource means that resources are...... *Substitutable*
3. Ownership right enforcebility is a key factor for an.......... *Efficient market*
4. Traditional economics resource broadly classified into....... *Three*
5. Land environment comprises of geosphere component such as; .........;....... and........ *Rocks, mountain and soils*
6. .....is a man made resources for the purpose of creating more efficient productions processes. *Capital*
7. Resource is classified in two ways; namely traditional economics resource and.......... *Environmental economics resources*
8. For market to operate efficiently...... Should be clearly defined and enforced. *Ownership right*
9. The term that imply that the Economic value of any resource is defined by human needs and nothing else is known as.............. *Anthropocentric*
10. In environmental economics, land is refers to as.......... *Natural resources*
Comments