Recall the Application about the effect of global warming on economic growth to answer the following question(s). According to this Application, a study of municipalities in Latin and South America found that a one degree Celsius rise in temperature was associated with:
A. no measurable change in per capita income.
B. a small decline in real income and a small increase in per capita real income.
C. a slight increase in municipal per capita income.
D. a decline in municipal per capita income.
Answer: D
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Infant mortality rates in developing countries:
A. are substantially lower than in developed countries. B. cannot be computed because the data are not available. C. are substantially higher than in developed countries. D. are about the same as in developed countries.
________ is the largest international debtor in the world
A) Brazil B) Mexico C) Italy D) The United States
Which of the following is a valid concern about federal budget deficits?
A. The welfare of future generations will be directly related to the per-capita size of the national debt that they inherit. B. Growth of the national debt will eventually lead to the bankruptcy of the government. C. When the debt comes due, future generations may be unable to pay it off. D. If the increases in the national debt reduce private expenditures on capital formation, aggregate demand is reduced.
The text maintains that competition exists in government
What will be an ideal response?