Explain the obstacles to more widespread adoption of labeling as a method of reducing environmental and child labor problems

What will be an ideal response?


First, countries resist what they consider an infringement of their sovereignty when foreign inspectors are allowed to probe into the details of labor and environmental conditions. Secondly, consumers have to be convinced that the label provides reliable information.

Economics

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Conceptually, the efficient level of carbon emissions is the level for which

A) the marginal benefit of reducing carbon emissions is maximized. B) the marginal benefit of reducing carbon emissions is minimized and the marginal cost of reducing carbon emissions is maximized. C) the marginal benefit of reducing carbon emissions is equal to the marginal cost of reducing carbon emissions. D) the marginal cost of reducing carbon emissions is minimized.

Economics

If the favorable supply shocks of the 1990s were reversed in the future, we should expect a(n)

a. increase in inflation and unemployment. b. decrease in inflation and unemployment. c. increase in inflation and a decrease in unemployment. d. decrease in inflation and an increase in unemployment.

Economics

The dollar amount of reserves a bank is obligated by regulation to hold as cash in the bank's vault or on account at the Fed is called the excess reserves

Indicate whether the statement is true or false

Economics

Which of the following will not shift the aggregate demand curve to the right?

A. consumers becoming more optimistic about the future B. an increase in government spending C. business optimism increases D. consumers become pessimistic about the future

Economics