Responses to global climate change include the alteration of consumer and business behavior to reduce any damage that might occur from global climate change. This is called
A. a carbon tax.
B. revealed preference systems.
C. mitigation.
D. adaptation.
Answer: D
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The Gramm-Leach-Bliley Act (GLBA), passed by the U.S. Congress in the year 1999, allows commercial banks to:
a. operate in all foreign countries. b. open new branches in Cuba. c. expand their business into other areas of finance, including insurance and selling securities. d. raise reserve requirements for other financial institutions. e. eliminate unit banking.
If the government passes a law requiring buyers of college textbooks to send $5 to the government for every textbook they buy, then
a. the demand curve for textbooks shifts downward by $5. b. buyers of textbooks pay $5 more per textbook than they were paying before the tax. c. sellers of textbooks are unaffected by the tax. d. All of the above are correct.
Suppose that an increase in a nation's income causes the nation's residents to buy more domestic and foreign goods. Given this, if U.S. residents experience an increase in income, but Mexican residents do not, it is likely that, ceteris paribus,
A) both the U.S. dollar and the Mexican peso will depreciate. B) both the U.S. dollar and the Mexican peso will appreciate. C) the U.S. dollar will depreciate and the Mexican peso will appreciate. D) the U.S. dollar will appreciate and the Mexican peso will depreciate.
All of the following will increase the demand for labor by firms in an industry except
A. an increase in the price of the product produced by the industry. B. a decrease in the prices of inputs that substitute for labor. C. an increase in the marginal product of labor resulting from technological change. D. an increase in the demand for the product produced by the industry.