Which Climate Change Treaty Committed the Countries That Signed and Ratified

question 16

Multiple Choice

Which climate change treaty committed the countries that signed and ratified it to reducing carbon dioxide emissions below 1990 levels?

• A)Montreal Protocol
• B)United Nations Framework Convention on Climate Change
• C)Kyoto Protocol
• D)Montreal Agreement
• E)Clean Development Mechanism

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Definitions:

Equilibrium Outcome

A state in which market supply and demand balance each other, and, as a result, prices become stable.

Economic Rent

The excess payment made to a factor of production over and above what is needed to keep it in its current use, often due to unique circumstances.

Marginal Worker

An individual whose employment status is unstable or insecure, often at the fringes of the labor market.

Reservation Wage

The minimum wage at which an individual would be willing to accept for a particular job, below which they would choose not to work.