Which of the following is not a developing country classified as a high-income economy because of possessing huge oil reserves?
a. United Arab Emirates
b. Chad
c. Qatar
d. Kuwait
e. Bahrain
B
You might also like to view...
What is a cap-and-trade policy? (Be certain to mention marketable permits.) Suppose there are two firms in an area, each emitting tons of sulfur
The government decides on a target level of 200 tons of sulfur, and gives each firm a permit to emit 100 tons of sulfur. Suppose Firm A is very efficient and can reduce pollution by 100 tons with an abatement cost of $500. Firm B has an older plant, so it will cost Firm B $1,000 to reduce emissions by 100 tons. What will occur with marketable permits?
An effective policy of governmental intervention in the economy requires all of the following except one. Which is the exception?
a. The will to reject sound policy if it gets in the way of political considerations b. The ability to estimate the economy's potential level of output c. The ability to predict what would happen without intervention d. An assortment of effective tools of discretionary policy e. The ability to achieve effective cooperation between fiscal and monetary policy makers
Which of the following statements is INCORRECT?
a. The Oil Pollution Act (OPA) was enacted in response to the BP Deepwater Horizon spill. b. The Ocean Dumping Act ends dumping of sewage sludge and industrial waste. c. The Great Lakes Legacy Act provides federal funding to address contamination of the Great Lakes d. Included in the Water Quality Act of 1987 were requirements for states to establish nonpoint source pollution program
In the cost-push model of inflation, increases in nominal-wage rates that exceed increases in the productivity of labor:
A. Increase aggregate supply and the price level in the economy B. Increase aggregate supply and decrease the price level in the economy C. Decrease aggregate supply and the price level in the economy D. Decrease aggregate supply and increase the price level in the economy