Historically, high-income countries have been the primary contributors to the greenhouse gases that cause global warming. Who are the primary contributors today?
a. Low-income countries
b. Developing countries
c. Middle-income countries
d. High-income countries
d. High-income countries
High-income countries have historically been the primary contributors to greenhouse warming by burning fossil fuels—and still are today.
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At full employment there still exists some unemployment because
A) some portion of our population will always be too lazy to work. B) there are always people too old or young to be in the labor force. C) the U.S. economy is constantly creating and destroying jobs. D) it is unnatural to have all people work 40 hours per week. E) real GDP can never exceed potential GDP.
All of the following are examples of positive statements EXCEPT:
A. Higher interest rates reduce construction activity. B. Higher interest rates are achieved by slowing the growth of the money supply. C. Historically higher rates of money growth are associated with higher rates of inflation. D. Economic output should not be allowed to increase too fast.
Economic takeoff:
A. occurs when development becomes self-sustaining. B. will eventually occur in all developing countries. C. typically occurs in the absence of foreign investment. D. has yet to occur in any developing country.
U.S. sugar trade agreements have fallen through. What will the likely effect be?
A. The demand for goods that use sugar will decrease. B. The demand for goods that use sugar will increase. C. The supply of goods that use sugar will increase. D. The supply of goods that use sugar will decrease.