Examine the three types of capital that make up the wealth of nations. Which do you think is the most valuable? Justify your answer

What will be an ideal response?


There are three types of capital that determine a nation's wealth. The first is produced capital, which is defined as human-made items. These items tend to become obsolete. The second is natural capital, which is supplied by ecosystems and resources in the ground. These can be either renewable or nonrenewable. The third is intangible capital, which includes humans, social capital, and knowledge.
It can be argued that without natural capital (namely resources) a nation cannot build the produced capital—and without produced capital a country may not be able to use its natural resources. However, without adequate intangible capital, a nation does not have the workforce, the knowledge, and the social structure to be able to use the natural resources in an environmentally responsible manner. They also cannot make produced capital that will not become obsolete quickly. Finally, they cannot make capital that is less likely to degrade the environment. Therefore, the best argument would be that intangible capital is the most valuable. Countries can import natural capital and produced goods, but they need people with a good social and educational environment in order to use it.

Environmental & Atmospheric Sciences

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A) can move laterally along the coast if waves approach the beach at an angle. B) only move up and down the slope of the beach. C) can slump downward if the sea bottom has too gentle a slope. D) are moved by the wind if the material is coarser than sand. E) All of these are correct.

Environmental & Atmospheric Sciences

A population distribution map of insular Southeast Asia will indicate

A. that Indonesia's relocation policies have made Borneo a crowded place. B. that Java is one of the most densely populated pieces of real estate in the world. C. a decrease in population in Irian Jaya due to deforestation. D. a low density in Java, probably due to poor volcanic soils.

Environmental & Atmospheric Sciences

The idea that, at some point in the future, humans will be unable to produce enough food to feed the ever-expanding population is called the ____

a. Third Revolution b. Malthusian scenario c. Cornucopian situation d. Death rate solution e. Birth rate dilemma

Environmental & Atmospheric Sciences

Which of the following currently has the highest energy returned on investment (EROI)?

A) petroleum B) nuclear fusion C) hydropower D) corn-based ethanol E) nuclear fission

Environmental & Atmospheric Sciences