In the Kyoto Protocol, participating nations agreed to
A) trade carbon-dioxide permits.
B) eliminate all emissions of greenhouse gases by 2020.
C) reduce their overall emissions of greenhouse gases between 1997 and 2020 to as much as 20 percent below 1990 levels.
D) buy greenhouse gas emission permits from developing nations.
C
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Which of the following is a reason why firms may be more efficient than markets as coordinators of economic activity?
A) economies of scale and scope B) lower transactions costs C) economies of team production D) all of the above
When a Japanese company buys a U.S. software company, this transaction will be a:
A. Credit on the current account of the U.S. balance of payments B. Debit on the current account of the U.S. balance of payments C. Credit on the financial account of the U.S. balance of payments D. Debit on the financial account of the U.S. balance of payments