Refer to the table above. The current account balance is
A) -$100 billion.
B) -$200 billion.
C) $100 billion.
D) $1,900 billion.
E) $200 billion.
B
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The Biodiversity Treaty was criticized because
a. its definition of catastrophic global warming was weak and ineffective. b. it mostly blamed developing countries for lack of conservation. c. its focus was only on powerful nations while failing to address economic equity. d. its goals made scientific research more difficult or almost criminal in some nations.
Behavioral economics helps explain:
A. why being selfish is rational. B. why people are selfish. C. the degree to which people are altruistic. D. why people are rational.
The strategy for the Bertrand model is
A. to take account of the effect of its own behavior on the rival firm's quantity choice. B. to sell a marginally higher quantity of goods than the rival. C. collusion. D. to sell at a marginally lower price than the rival but not below marginal cost.
The market system is characterized by:
A. extensive government constraints on individual behavior. B. government control of all production decisions. C. government rationing of all goods and services. D. private ownership of the means of production.