Which one of the following statements is false?
a. Global warming and ocean pollution are examples of global commons issues
b. Solving problems with global commons usually requires international cooperation
c. Problems with the global commons are becoming more prevalent as human economic activity increases
d. Problems with global commons occur because countries view their global environmental impacts as externalities
e. Solving problems involving global commons is not possible because of free rider effects
Ans: e. Solving problems involving global commons is not possible because of free rider effects
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What will be an ideal response?
The Fed-Treasury Accord of March 1951 provided the Fed greater freedom to
A) let interest rates increase. B) let unemployment increase. C) let inflation accelerate. D) let exchange rates increase.