Economics

Impact of Climate Change on Economy MCQs with Answers

How does climate change impact global agricultural productivity?
a) It improves crop yields worldwide
b) It disrupts food production and reduces yields
c) It has no impact on agriculture
d) It decreases the demand for agricultural goods

What economic sector is most vulnerable to climate change?
a) Information technology
b) Tourism and agriculture
c) Banking and finance
d) Telecommunications

Which financial risk is associated with climate change?
a) Increased bank interest rates
b) Rising costs of climate-related disasters
c) Increased consumer spending
d) Reduction in foreign exchange reserves

How does climate change affect global trade?
a) It facilitates smoother trade routes
b) It disrupts supply chains due to extreme weather events
c) It reduces demand for manufactured goods
d) It has no impact on trade

What happens to insurance costs due to climate change?
a) They decrease as climate risks stabilize
b) They increase due to more frequent natural disasters
c) They remain unchanged
d) They are eliminated altogether

Which energy sector is negatively impacted by climate change policies?
a) Renewable energy
b) Fossil fuel industry
c) Hydropower
d) Energy-efficient technologies

How does climate change affect labor productivity?
a) It increases productivity by creating cooler work environments
b) It reduces productivity due to extreme weather and heat stress
c) It has no impact on workers
d) It lowers unemployment rates

What is a major financial cost associated with climate change?
a) Increased savings in the banking system
b) Higher government spending on disaster recovery
c) Lower economic volatility
d) Reduced global debt

Which country is most vulnerable to economic losses due to climate change?
a) Canada
b) Bangladesh
c) Norway
d) Switzerland

How does climate change impact tourism-dependent economies?
a) It increases tourist arrivals
b) It reduces tourism revenue due to environmental degradation
c) It has no effect on tourism
d) It leads to lower travel costs

Which industry benefits the most from climate adaptation investments?
a) Aviation
b) Renewable energy
c) Coal mining
d) Traditional agriculture

How do rising global temperatures impact freshwater resources?
a) They increase freshwater availability
b) They cause water shortages and increased scarcity
c) They have no impact on water supply
d) They enhance underground water reserves

What economic consequence results from rising sea levels?
a) Increased agricultural output
b) Loss of coastal infrastructure and properties
c) Higher consumer spending
d) Expansion of manufacturing industries

How does climate change affect global food prices?
a) It stabilizes food prices
b) It increases food prices due to supply chain disruptions
c) It lowers food production costs
d) It has no impact on food costs

Which of the following is an economic policy to address climate change?
a) Subsidizing fossil fuel production
b) Implementing carbon pricing and emissions trading
c) Encouraging deforestation
d) Increasing tariffs on green technology

What happens to GDP growth when climate disasters increase?
a) It accelerates
b) It slows down due to financial and infrastructure damage
c) It remains stable
d) It decreases only in developing countries

Which factor increases business costs due to climate change?
a) Lower energy prices
b) More expensive insurance and disaster recovery
c) Reduced labor costs
d) Increased global subsidies

How do climate-related policies affect job creation?
a) They eliminate jobs in all industries
b) They create jobs in the renewable energy sector
c) They increase reliance on fossil fuels
d) They have no impact on employment

What is an economic advantage of transitioning to a green economy?
a) Increased carbon emissions
b) Higher long-term energy efficiency and cost savings
c) Higher reliance on oil imports
d) More fossil fuel consumption

How does climate change impact global fisheries?
a) It improves fish populations
b) It disrupts ecosystems, reducing fish stocks
c) It increases ocean biodiversity
d) It has no impact on marine life

Which type of infrastructure is most at risk due to climate change?
a) Data centers
b) Highways and bridges
c) Digital financial services
d) Online retail platforms

What is a long-term benefit of investing in climate resilience?
a) Lower disaster recovery costs
b) Increased industrial pollution
c) Reduced international trade
d) Higher unemployment

How does climate change impact global migration?
a) It reduces migration trends
b) It leads to increased displacement and climate refugees
c) It has no effect on migration patterns
d) It makes urban populations decline

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