Transborder environmental impacts can take place when one country's pollution spills over into a second country in all of the following situations EXCEPT
A) when an upstream user pollutes a shared watershed.
B) when industrial production in one country creates acid rain in another country.
C) when heavy traffic between two or more countries creates semi-global warming.
D) the production of exported products degrades the local environment.
E) ozone depletion caused by many countries' pollution spills or emissions.
D
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Which of the following activities is excluded from GDP, causing GDP to understate a nation's production?
A. The services of health care workers. B. The services of military personnel. C. The construction of new buildings. D. Goods and services produced in the underground economy.
The distinction between microeconomics and macroeconomics is
A. determined by economists in a clear and concise manner. B. narrowly drawn, and microeconomic analysis often relies on macroeconomic tools. C. often blurred because aggregates are made up of individuals and firms. D. clearly drawn, and there is no overlap between them.