Which countries are most and least likely to be harmed by adverse climate changes? What was the Kyoto Protocol, and how well did it address the negative effects of global warming?
What will be an ideal response?
POSSIBLE RESPONSE: The countries which are most likely to be harmed are the tropical developing countries in Africa, South and Southeast Asia, and Latin America. The countries which are least likely to be harmed are the industrialized countries, as well as China, Central and Eastern Europe, and Russia. The industrial countries committed in 1992 to keep their CO2 emissions at 1992 levels, but they failed to do so. The Kyoto Protocol was reached in 1997. Industrial countries, which accounted for about 42 percent of global greenhouse-gas emissions, agreed to cut their emissions to an average of about 5 percent below their 1990 levels by the years 2008-2012. However, the developing countries refused to make any commitments. They argued that since they are poor, they cannot afford to slow down their economic growth process.
The Kyoto Protocol came into effect in 2005 but the United States decided against ratifying it.
The Kyoto Protocol fell short of even its limited objectives.
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Suppose that the technology used to manufacture laptops has improved. The likely result would be:
A. a decrease in quantity supplied of laptops. B. an increase in quantity supplied of laptops. C. a decrease in supply of laptops. D. an increase in supply of laptops.
Why is it more difficult for the Fed to control the money supply today than it was fifty years ago?
What will be an ideal response?
Sanford wants to start up his own business, and needs $50,000 to get it off the ground. He can either withdraw it from his savings account, where he currently earns 2 percent, or he can take out a loan for $50,000 and pay 2 percent interest. Sanford should compare:
A. the explicit cost of $1,000 to the implicit cost of $1,000 and realize it will cost the same whether he borrows it or uses his savings for the venture. B. the implicit cost of $51,000 to the explicit cost of $1,000 and choose to borrow the money. C. the explicit cost of $1,000 to the implicit cost of $51,000 and choose to borrow the money. D. the implicit cost of $1,000 to the explicit cost of $51,000 and choose to use his savings.
Explain how a higher rate of return on saving could, at least in theory, lead to lower saving