In October 1982, the United Nations General Assembly Adopted the ________

question 35

Multiple Choice

In October 1982, the United Nations General Assembly adopted the ________. It states that all states have a duty to respect the essential processes of environment and not to impair them.

• A) Vienna Convention for the Protection of the Ozone Layer
• B) World Charter for Nature
• C) Kyoto Protocol
• D) Chicago Convention on International Civil Aviation

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where the market clears.

Tax Per Unit

A fixed amount of tax applied to a product or service, based on the quantity sold, rather than the value.

Tax Incidence

The study of who ultimately pays for and bears the cost of taxation, whether it be consumers, producers, or others.

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare among entities like consumers, producers, and the government.