Setting specific goals for reducing sulfur dioxide (SO2) and nitrogen oxides (NOX) to combat acid rain was the objective of the international agreement
a. between the United States and Canada
b. between the United States and Mexico
c. among all nations in the European Union
d. among the United States, Canada, and Mexico
a. between the United States and Canada
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Which of the following is the most accurate statement about the effects of quality change on the CPI?
a. Even though the BLS adjusts the prices of products in the CPI basket when the quality of the products changes, changes in quality are still a problem because quality is so hard to measure. b. Because the BLS adjusts the prices of products in the CPI basket when the quality of the products changes, changes in quality are no longer a problem for the CPI. c. The BLS does not adjust the CPI for quality changes. d. Most economists believe that changes in the quality of goods included in the CPI basket do not bias the CPI as a measure of the cost of living.
Based on the model of the money market, when real GDP increases, the equilibrium interest rate should:
A. stay the same. B. increase. C. decrease. D. increase to the same extent that the supply of money increases.
An advantage of a corporation is
A) the ability to raise large sums of financial capital. B) unlimited liability on the part of shareholders. C) the fact that ownership and control are never separated. D) the fact that the corporation is dissolved when one of its owners dies.
Tastes for products such as beer differ. As a result
A) we see countries specializing completely in the production of beer. B) consumers of beer have difficulty deciding what type of imported beer to buy. C) the quality of imported beer is less than it could be. D) different countries may each have a comparative advantage in producing different types of beer.