Participating nations in the 1997 Kyoto Protocol agreed to reduce overall greenhouse gases emission
A) to as much as 20 percent below the levels of the 1990s through 2020.
B) to as much as 10 percent below the levels of the 1990s through 2010.
C) to as much as 100 percent below the levels of the 1990s through 2007.
D) to as much as 50 percent below the levels of the 1990s through 2050.
Answer: A
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Pay-As-You-Throw programs that charge people a small price for each bag of trash they throw out are likely to ________
A) increase waste creation B) increase recycling and reuse C) increase the social cost of waste disposal D) reduce social surplus
Requiring commercial banks to hold reserves equal to some fraction of their deposit liabilities
A) acts as a constraint on bank lending. B) is an alternative for banks that choose not to use the gold standard. C) is without significance since banks are not required to meet their liabilities on demand by depositors. D) prevents runs on banks by depositors who fear that the banks may not have assets equal to their liabilities. E) really has no effect on the monetary system today.