Transborder environmental impacts can take place when one country's pollution spills over into a second country in all of the following situations EXCEPT
A) when an upstream user pollutes a shared watershed.
B) when industrial production in one country creates acid rain in another country.
C) when heavy traffic between two or more countries creates semi-global warming.
D) the production of exported products degrades the local environment.
E) ozone depletion caused by many countries' pollution spills or emissions.
D
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During recent Global Economic Crises, consumers' wealth in the U.S. declined as a result of all of the following EXCEPT
A) the stock market crash. B) pricking of the housing bubble. C) increased household borrowing. D) aggressive fiscal policy.
The problem of moral hazard that resulted from federal deposit insurance can be attributed to all of the following except
A) depositors have little incentive to monitor their bank. B) deposit premiums until recently did not depend on risk. C) risk aversion by managers of banks plus bank examination. D) the incentive of bank stockholders to increase risk because they share disproportionately in success but the FDIC shares disproportionately in failure.
According to Nobel Laureate Simon Kuznets, the greatest increase in output and economic growth comes from changes in the _____
a. quantity of resources b. quantity of natural resources (land) c. quantity of labor d. quality of resources e. quantity of capital
In 1820 the country with the highest per capita GDP was ______________________. In 1900 the country that ranked #1 in terms of per capita GDP was ___________________ and fifty years later the top ranking was held by _________________________
A) the Netherlands; New Zealand; the United States. B) the Netherlands; Australia; Switzerland. C) the United States; the United States; the United States. D) Austria; Australia; New Zealand.