Read the Following Scenario and Answer the Question Below

question 17

Multiple Choice

Read the following scenario and answer the question below.
In 2010, geologists working for the U.S. military operations in Afghanistan discovered a literal treasure -trove of mineral deposits with a preliminary estimated value at nearly $1 trillion U.S. dollars. So far, no proposals have been made for extracting these resources, but already parallels have been drawn to the many dimensions of human rights issues that have plagued coltan production in the Congo, oil drilling in Nigeria, and the ʺblood diamondsʺ of Sierra Leone. Also, keep in mind the events surrounding the record-breaking oil spill resulting from the explosion and sinking of BPʹs Deepwater Horizon in the Gulf of Mexico, also in the same year. In this latter event, BP made unprecedented pledges of support for the staggering costs of the Gulf cleanup, under intense pressure from the Obama administration, since the nation suffering the damage was the United States.
Congratulations, you have been appointed as a delegate to the UN -initiated Afghan Minerals Development Council, which will convene in the next few months. The goals of the Council are to oversee the extraction and export of resources, to ensure economic benefits for the Afghans, social and environmental justice, as well as environmental protection.
-As far as the share of corporate profits from mineral sales goes, the cut for the Afghans should be ______________.

• A) a guaranteed percentage, suggested by Council, and provided to the Afghan central government with advice about spending a designated amount for national infrastructure
• B) determined by the corporate interests doing the mining
• C) left to negotiations between the corporate miners and the U.S. military
• D) set by the U.S. Dept. of Labor
• E) worked out between the Afghan government and tribal leaders

Identify the role of expectations in influencing the aggregate demand and supply curves, particularly through anticipated changes in the price level.

Explain the implications of changes in national income components on GDP using the expenditures approach.

Comprehend the theories behind sticky prices and wages and how they affect the short-run aggregate supply curve.

Understand the causes and effects of movements along and shifts in the long-run aggregate supply (LRAS) curve, including factors that lead to economic growth.

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Definitions:

Predicate

In grammar, the part of a sentence or clause containing a verb that states something about the subject. In logic, the property or characteristic affirmed or denied about the subject of a statement.

Similarity

The state of being alike or having common features or characteristics.

Deductive Step

A step in reasoning in which one proceeds logically from premises to a definite conclusion, ensuring the conclusion necessarily follows.

Evidence

Information or facts that are used to support a belief, conclusion, or argument.