Compared to the situation existing when the Kyoto Protocols were created,
A. the U.S. is producing less greenhouse gasses (GHG) than it had promised.
B. the U.S. Senate finally approved the treaty under pressure from President Bush.
C. India produces twice as much greenhouse gasses (GHG).
D. China actually produces less greenhouse gasses (GHG).
Answer: C
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The portion of a government's indebtedness owed to foreigners is
A. external debt. B. internal debt. C. not recoverable. D. net debt.
In the case of nonexcludable goods, economists contend that the market ___________ produce these goods because of the ________________________.
A. will; free rider problem B. will not; law of diminishing marginal utility C. will not; law of diminishing marginal returns D. will not; free rider problem.
In the market for a normal good, what is the ultimate market reaction of suppliers to an increase in the incomes of consumers?
A) Suppliers do not react, because a change in income shifts the demand curve, not the supply curve. B) The supply curve shifts to the right. C) The supply curve shifts to the left. D) Quantity supplied increases as the equilibrium moves along the supply curve due to a rise in the demand.
Software companies continually work to develop new features of their products that make it easier for users to interact and share their work
As more of these features are embedded in the software, what happens to the individual demand curve for the software products? A) Demand curve becomes more elastic due to the bandwagon effect B) Demand curve becomes less elastic due to the snob effect C) Demand curve shifts, but its degree of elasticity does not change D) There is no change in the individual demand curve