What was the result of the Climate Summit held in December 2009?
a. All countries signed binding agreements to reduce their greenhouse gases by 20% during the next 10 years.
b. No country signed binding agreements to reduce their greenhouse gases.
c. Only developed industrialized countries agreed to reduce their greenhouse gases by 20% during the next 10 years.
d. Only China and India agreed to reduce their greenhouse gases by 20% during the next 10 years.
Ans: b. No country signed binding agreements to reduce their greenhouse gases.
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Which one of the following statements is the MOST accurate? By the year 1932, the United States
A) and Canada alone held more than 70 percent of the world's monetary gold. B) and Germany alone held more than 70 percent of the world's monetary gold. C) and Britain alone held more than 70 percent of the world's monetary gold. D) Britain, and France alone held more than 70 percent of the world's monetary gold. E) and France alone held more than 70 percent of the world's monetary gold.
Describe the problems associated with practicing countercyclical policy
It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find
a. it more attractive to raise taxes than to increase spending. b. it attractive to increase taxes during a recession, but they will be reluctant to reduce them during an expansion. c. budget deficits attractive during a recession, but they will be reluctant to run budget surpluses during an expansion. d. budget surpluses attractive during a recession, but they will be reluctant to run budget deficits during an expansion.
Bitcoin is a:
a. Virtual currency that keeps track of owners and users by means of a clearing house called Mt. Gox. b. Virtual currency that publishes all Bitcoin-related domestic transactions online but keeps its international transactions confidential. c. Is a virtual currency that publishes online the details of all its customers' transactions but manages to keep customer anonymity by not publishing facts pertaining to their addresses? d. Physicalcurrency that has grown in popularity because it does not need to be cleared, thereby making these transactions anonymous.