Answer the following statement(s) true (T) or false (F)
1. Sustainable development refers to the management of the earth’s resources to ensure their quality and abundance for future generations.
2. Nobel Laureate Robert Solow argues that sustainable development is a good concept to guide national policy.
3. The shape of the Environmental Kuznets Curve reflects the theory that advanced levels of industrial development are linked to higher levels of pollution.
4. According to the textbook application, the pessimistic view about the shape of the Environmental Kuznets Curve is that, after a critical income level, a country can only maintain its existing pollution level.
5. Agenda 21 and the Rio Declaration are two major documents produced from the Rio Summit in 1992.
1. True
2. False
3. False
4. True
5. True
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Which of the following about unemployment is true?
a. The unemployment rates of the major European economies have been lower than that of the United States during the last decade. b. Compared to the U.S., European labor markets are characterized by less extensive regulation and less generous unemployment benefits. c. High unemployment rates over lengthy time periods are indicative of structural factors that are adversely affecting the natural rate of unemployment. d. The natural rate of unemployment decreases when youthful workers expand as a proportion of the workforce.
Virtual Currency Unit 3 (VCU3) poses a __________ risk to nations in which is it used because ___________________________
a. Low; it can be spent only in virtual worlds. b. Low; when converted into legal tender, it has no effect on a nation's M2 money supply or monetary base. c. Low; it does not have the potential to raise a nation's price level or threaten the nation's payment system. d. All of the above are true.
Economic analysis on empowerment has shown that most firms have
A. used benchmarking to arrive at erroneous conclusions. B. failed to delegate decision-making rights to lower-level employees. C. failed to use corporate culture to enhance communication and build employee expectations. D. increased profits by delegating decision-making rights to lower-level employees.
Given the demand curve in this graph, if price were $2.00, how much quantity would be purchased?
A. 1 unit
B. 2 units
C. 3 units
D. 4 units