Which of the following is NOT a reason why the United States did NOT sign the Kyoto Protocol?
a. We still do not understand all the consequences of policy actions that affect global warming.
b. Meeting the Kyoto targets would negatively affect the U.S. economy.
c. Kyoto failed to include the developing countries, especially China and India.
d. There was not enough cash incentive being provided to the United States to sign the protocol.
Ans: d. There was not enough cash incentive being provided to the United States to sign the protocol.
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Consider two economies: A and B. The nominal interest rate is the same in both economies, but the rate of inflation is higher in economy B. Which of the following statements will then be true?
A) The real interest rate will be the same in both economies. B) The real interest rate will be higher in economy B. C) The real interest rate will be higher in economy A. D) Whether the real interest rate is higher in economy A or B will depend on the number of borrowers in both economies.
Suppose Dave always uses two lemon wedges with his glass of iced tea. Dave's indifference curves for lemon wedges and iced tea are
a. bowed inward. b. bowed outward. c. straight lines. d. L shaped.