The Montreal Protocol uses the following instruments to protect the ozone layer
a. a CFC production and consumption allowance market
b. a fund to subsidize developing countries
c. a deposit-refund system for CFC substances
d. all of the above
e. a and bonly
e. a and bonly
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Merchandise exports minus imports equal the
A) basic balance. B) liquidity balance. C) official settlements balance. D) balance of trade.
Ethanol Mandates Congress has passed laws requiring that a certain percentage of retail gasoline be from ethanol produced from corn. How would this destroy wealth?
Other things equal, a person with a cosmetician's certificate from a vocational school will earn $4,000 more per year than a person without one, starting the year the certificate is received. But after 6 years, the difference in income will disappear because styles have changed. If the interest rate is 5 percent (0.05) per year, what is the present value of having just received a certificate?
(Assume that each year's income is received at the end of the year.) a. $21,317.91 b. $24,000.00 c. $22,857.14 d. $19,379.92 e. It depends on the cost of acquiring the certificate
The delay between the time a policy is enacted and the time the policy has its effect on the economy is called
A) the impact lag. B) the implementation lag. C) the government lag. D) the recognition lag.