Which of the following is NOT an argument against economic growth? Group of answer choices Growth...

Which of the following is NOT an argument against economic growth? Group of answer choices

Growth may deplete resources.

Growth is often inequitable.

Growth has negative environmental impacts.

Growth leads to an expansion of power.

Solutions

Expert Solution

The arguments against the economic growth can be classified into following categories:

1) With unparalleled production and consumption increase, the pressure against nature and its ruthless exploitation increases. (negative environmental impacts)

2) Social benefits do not increase with growth proportionally - Trickle-down effect is inefficient (Inequitable growth)

3) Unparalleled competition for growth may result in no or limited availability of resources to meet future generation's requirements for resources for their sustainability. Given the limited natural resources of the planet, affluent nations have the obligations to cut their ecological space for the poor to increase their welfare. Humans have a duty to conserve and protect non-human nature both because humans benefit from the continuous presence of other species and the flourishing of other organisms and species are as important as that of human beings. (Depletion of resources)

Hence, the correct answer is: Growth leads to an expansion of power is NOT an argument against economic growth

Rahul Sunny answered 1 week ago

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