Unc plcy 110 - Study guides, Class notes & Summaries

gains from trade - Each country can concentrate its efforts on what it does best (specialize) and trade some of those goods for goods that other countries produce most efficiently Protectionism - Government policy of restricting imports to "protect" domestic industries from foreign competition race to the bottom - a dynamic in which states compete to attract business by lowering taxes and regulations, often to workers' detriment S-shaped curve - shows income in the future as opposed to ...

a country that can produce more of a good in a given time frame has the ______________ in the production of that good - Absolute advantage global warming caused by humans, this is the primary cause of climate change as agreed on by the majority of scientists - Anthropogenic global warming an image or example that comes to mind easily because of mass portrayal in the media or widespread awareness of the issue; example- we are more likely to see terrorism than lightning strikes as a threat to...

Anthropogenic global warming - Answer-- caused by human activity: - a layer of greenhouse gases- primarily water vapor, including much smaller amounts of carbon dioxide, methane, and nitrous oxide- acts as a thermal blanket for the earth, absorbing heat and warming the surface to a life supporting average to 59 degrees F - The idea that man is causing the earth to undergo a rapid rise in temperature Asymmetric distribution of costs - Answer-the costs are spread and not all places are impact...

Anthropogenic global warming - correct answer - caused by human activity: - a layer of greenhouse gases- primarily water vapor, including much smaller amounts of carbon dioxide, methane, and nitrous oxide- acts as a thermal blanket for the earth, absorbing heat and warming the surface to a life supporting average to 59 degrees F - The idea that man is causing the earth to undergo a rapid rise in temperature Asymmetric distribution of costs - correct answer the costs are spread and not all ...