The Basic Principles in the Model Treaty

question 5

Multiple Choice

The basic principles in the Model Treaty

• A) were considered old-fashioned and outdated.
• B) were viewed as naive, highly idealistic, and utopian by experienced practicioners of international diplomacy in Great Britain and Europe.
• C) were not popular among most enlightened figures in America.
• D) held that military conflict would still determine international relations among countries.
• E) infused an element of realism into American attitudes toward international affairs that proved short-sighted and inconsistent.

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Definitions:

Peak Driving

Peak driving refers to periods of high demand for gasoline, often coinciding with certain times of the year like summer holidays, resulting in higher gasoline prices due to increased consumption.

Pollution Rights

Tradable permits allowing the holder to emit a certain amount of pollution, used to control the level of pollutants by setting a market price for emissions.

Moral Hazard

A situation in finance and insurance where one party takes on excessive risk because they don't bear the full consequences of their actions.