U KERTAS SOALAN TERTUPUP ATW394 21 . Which of the following environmental legislations was enacted in the United States in the 1970s? (a) the Humane Slaughter Act (b ) the Wilderness Act (c) the Federal Coal Mine Health and Safety Act (d) the Federal Water Pollution Act 22. Markets can work to prevent harm only through information supplied by the existence of market failures. This is better known as the ... (a) biomimicry effect. (b ) backcasting problem. (c). first-generation problem. (d). primary market effect. 23 According to economist Herman Daly, neoclassical economics, with its emphasis on economic growth as the goal of economic policy, will inevitably fail to meet sustainability challenges. (a ) if it suggests that the population of the world needs to be controlled. (b). unless it recognizes that the economy is but a subsystem within earth's biosphere (c) unless it recognizes that resources are infinite. ( d ) if it focuses on recycling and reusing the by-products of the production process. 24. Identify a true statement about the circular flow model. (a ) It differentiates natural sources from other factors of production. ( b ). It does not explain the origin of resources. (c). It does not treat economic growth as a solution to all social ills. (d) It highlights the possibility that the economy cannot grow indefinitely. 25 Business takes resources, makes products out of them, and discards whatever is left over. This approach is known as ... (a) cradle-to-grave approach. ( b ) . take-make-waste. (c). open-loop production. (d). closed-loop production. rely on gatekeepers for fair and effective functioning of economic 16. markets. (a) Bankers ( b ). Politicians (c). District attorneys Financial analysts ...7/- (d)