Which of the following is NOT a reason why the United States did NOT sign the Kyoto Protocol?
a. We still do not understand all the consequences of policy actions that affect global warming.
b. Meeting the Kyoto targets would negatively affect the U.S. economy.
c. Kyoto failed to include the developing countries, especially China and India.
d. There was not enough cash incentive being provided to the United States to sign the protocol.
Ans: d. There was not enough cash incentive being provided to the United States to sign the protocol.
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The ________ rate is the rate at which one currency can be traded for another
A) explicit exchange B) nominal exchange C) expected exchange D) real exchange
How would a decrease in the U.S. budget deficit affect the exchange rate in the market for dollars?
A) The exchange rate will not be affected by a change in the budget deficit. B) The exchange rate will decrease. C) The exchange rate will increase. D) The impact of the decrease in the budget deficit on the exchange rate cannot be predicted.
If demand is unit elastic, a price reduction will
a. increase revenues b. reduce revenues c. reduce quantity demanded d. have no effect on revenues e. increase profits
A country benefits from trade if it is able to obtain a good from a foreign country by giving up more of other goods than it would have to give up to obtain the good at home
a. True b. False Indicate whether the statement is true or false