Question

One criticism regarding actions to combat climate change is that _____ countries desire more efforts to be taken, while _____ countries focus more on economic growth.
	developing; developed developed; developing European; Asian Asian; Latin American

(Figure: Investment in Human Capital) From equilibrium point e in the graph, if there is a reduction in the supply of funds, the new equilibrium will shift to point _____, thus _____ the interest rate. /So b Do н н. Investment in Human Capital Rate of Return and Cost of Funds (
	a; decreasing b; decreasing a; increasing b; increasing

Two different markets each have many buyers and many sellers, none of which have market power. Which of these would be MOST helpful in determining whether each market is monopolistically competitive or perfectly competitive?
	information on the level of information available to buyers and sellers information on the size of each industry information on the degree of product differentiation in each market information on the barriers to entry in each market

If public policies are effective in reducing the depth of poverty, then the income deficit should be _____ and the ratio of income to poverty should be _____.
	falling; falling falling; rising rising; rising rising; falling

Answer 1

Statement - One criticism regarding actions to combat climate change is that _____ countries desire more efforts to be taken, while _____ countries focus more on economic growth.

Answer - developed; developing

Explanation - Although climate change affects the whole of our planet, there are differences in the way combating it is perceived when it comes to developed nations and developing nations. Developed nations have a desired standard of living available to their citizens and also have the resources and the technology to invest in combating climate change. Whereas, developing nations have other issue at their helm as well. These are poverty, low standard of living, low economic development etc. Hence, in the priority order combating climate change takes a backseat when compared to economic growth. They also lack resources and technology for feasibly respond to the various phenomenon rising due to climate change.