In the Kyoto Protocol, participating nations agreed to
A) trade carbon-dioxide permits.
B) eliminate all emissions of greenhouse gases by 2020.
C) reduce their overall emissions of greenhouse gases between 1997 and 2020 to as much as 20 percent below 1990 levels.
D) buy greenhouse gas emission permits from developing nations.
Answer: C
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If government raised taxes on the rich and this resulted in a decrease in productivity, the increase in taxes will still definitely make society better off
Indicate whether the statement is true or false
Using the data in the table above, gross domestic product equals
A) $1,920. B) $1,940. C) $2,150. D) $2,400.
Four people each have a different willingness to pay for one unit of a good: George will pay $15, Glen will pay $12, Tom will pay $10, and Peter will pay $8. If price decreases from $9 to $8 then the consumer surplus from this unit will increase by
A) $3. B) $4. C) $2. D) $1.
Suppose the current interest rate is 5% and you pay $250 for a bond. What is the total payment that should be made to you in one year?
a. $12.50 b. $262.50 c. $237.50 d. $255.00 e. $267.50.