Refer to Scenario 1.2 below to answer the question(s) that follow.SCENARIO 1.2: A scientist wants to understand the relationship between automobile emissions and the level of global warming. The scientist collects data on the volume of automobile emissions and the levels of global warming over time. The scientist concludes that a 1% increase in automobile emissions causes a 0.0003% increase in average global temperatures. From this information he concludes that the automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures.Refer to Scenario 1.2. The collection and use of the data on automobile emissions and global warming levels is an example of
A. law and economics.
B. econometrics.
C. economic history.
D. empirical economics.
Answer: D
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Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher education programs
What will be an ideal response?
The concept of holding reserves, such as gold, that are less than the value of the total deposits
A. is known as non-credit banking. B. is known as fractional reserve banking. C. has been illegal since the passage of the Financial Services Modernization Act of 1999. D. None of the above are correct
Domestic producers of a good become better off, and domestic consumers of a good become worse off, when a country begins allowing international trade in that good and
a. the country becomes an importer of the good as a result. b. the world price exceeds the domestic price of the good that prevailed before international trade was allowed. c. other countries have a comparative advantage, relative to the country in question, in producing the good. d. total surplus does not change as a result.
Which of the following is NOT one of the three common ways that private trade intermediaries are paid by exporters?
A) commission rate B) buy-sell basis C) fixed salary D) special event contribution