A. good for the environment because richer economies spend more on environmental protection. B. bad for the environment because richer economies extract resources at a faster rate. C. good for the environment because richer economies produce fewer
chemicals. D. bad for the environment because people in richer economies tend to care less about the environment.
A. countries with lower GDP per person tend to have healthier environments.
B. countries with higher GDP per person tend to have healthier environments.
C. there is no correlation between GDP per person and environmental quality.
D. growth in GDP per person initially improves environmental quality and then gradually
reduces it.
Answer: B
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Since 1970, the distribution of income in the United States
A) generally has become more equal. B) generally has become less equal. C) has become more equal than the distribution of wealth. D) has shown no discernible trend.
Which of the following non-OPEC nations have raised and lowered production in step with the OPEC nations, thus making the cartel more effective?
A. Venezuela and Nigeria B. Iran and Iraq C. Mexico and Norway D. Mexico and the United States
Each week Bill buys exactly 7 bottles of cola regardless of its price. Bill's own price elasticity of demand for cola IN ABSOLUTE VALUE is:
A. 1. B. greater than 1. C. zero. D. less than 1.
The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________.
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A