Global warming and biodiversity are examples of ______________ and must, therefore, be addressed by multiple nations rather than a single nation acting alone.
a. international externalities
b. national vulnerabilities
c. multinational exigencies
d. protectionist values
a. international externalities
Global warming and biodiversity are examples of international externalities; that is, those externalities that cross-national borders and that cannot be resolved by a single nation acting alone.
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Land is an example of an nonrenewable resource
Indicate whether the statement is true or false
A surplus item is
A) the import of goods or services that is not needed by residents of a country. B) the import or export of products that are by-products of the manufacturing of export goods. C) any transaction that leads to a receipt by a resident of a country or its government. D) any transaction that leads to a payment by a resident of a country or its government.
According to the IGM poll, most economists think that the benefits of ARRA exceeded the costs
a. True b. False Indicate whether the statement is true or false
Which of the following has the longest lag time for the Federal Reserve?
a. reducing production output b. increasing employment c. reducing government bonds d. increasing full price levels