Which of the following is a potential solution to help low-income countries reduce their greenhouse gas emission?
a. The European Union relaxing strict guidelines for low-income countries’ emissions
b. Reducing the emissions allowed by high-income countries
c. High-income countries paying for some of the costs associated with reducing the emissions
d. Imposing new, stricter emissions guidelines for low-income countries
c. High-income countries paying for some of the costs associated with reducing the emissions
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A trade-off refers to
A) sacrificing one thing for another. B) deciding who consumes the products produced in an economy. C) allowing the government and other organizations to choose for us. D) holding other variables fixed.
People with fixed incomes fare best in an inflationary period
a. True b. False Indicate whether the statement is true or false
If the price elasticity of supply for a window manufacturer is 1.5,
a. a 10% increase in the price of windows results in a 15% increase in the quantity of windows supplied. b. supply is considered to be inelastic. c. the manufacturer is likely operating very near capacity. d. All of the above are correct.
If a $50 billion initial increase in spending leads to a $250 billion change in real GDP, how big is the multiplier?
What will be an ideal response?