The general view of the governments of middle- and low-income countries such as Brazil, Nigeria, India, and China is that environmental protection is
a. a necessity.
b. illegal.
c. a luxury.
d. undemocratic.
c. a luxury.
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If all of the returns to a resource are in the form of economic rent,
a. the demand curve for that resource must be horizontal b. the demand curve for that resource must be vertical c. the supply curve of that resource must be horizontal d. the supply curve of that resource must be vertical e. the demand curve for that resource must be perfectly elastic
The most fundamental concepts underlying the discipline of economics are:
a. scarcity and choice. b. supply and demand. c. money, stocks, and bonds. d. inflation and unemployment.
Chausiku’s country has seen its production possibilities curve shift down and to the left over the past five years. Which of the following has most likely affected Chausiku’s country during this period?
a. discovery of a major oil field b. a prolonged drought c. expansion of the nation’s highway system d. implementation of universal health care
Securitization:
A. is a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate. B. is an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. C. turns many loans into a risk-free secure asset. D. turns many loans into a single larger asset.