In what way is better protection of the environment a possible result of successful development?
What will be an ideal response?
Successful development brings the poor above the poverty line; the poorest 1 billion people do a great deal of environmental damage, for example, cutting and clearing trees, using biomass fuels, etc., as detailed in the chapter.
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Cost-of-living adjustment is a/an ________ in a transfer payment or wage that results in ________ in the price level
a. increase; increase b. increase; decrease c. decrease; increase d. decrease; no change
Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. Figure 9.6Refer to Figure 9.6. Assume this firm is in a constant-cost industry. For this firm to be in long-run equilibrium, the firm must be producing
A. q1 units of output. B. q2 units of output. C. q3 units of output. D. an amount that is indeterminate from this information.