What Was the Primary Reason That Successive U

question 59

Multiple Choice

What was the primary reason that successive U. S. presidents have not submitted the Kyoto Protocol for Senate ratification?

• A) The economic cost of the agreement was prohibitively expensive.
• B) Not enough Senators are convinced of the science behind "global warming."
• C) China and India, as major greenhouse gas emitters, are not party to the Kyoto Protocol.
• D) The agreement did not have any enforcement mechanisms.

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Definitions:

Significant Influence

The power to participate in the financial and operating policy decisions of an investee, but not control them entirely, typically associated with ownership of 20% to 50% of voting stock.

Held-to-maturity Debt Securities

Investments in bonds or other debt securities that a company intends and is able to hold until they mature.

Current Assets

Short-term financial resources a company holds, including cash, marketable securities, receivables, and inventory, which are expected to be converted into cash within a year.

Foreign Exchange Rate

Foreign Exchange Rate is the price at which one currency can be exchanged for another currency, which can fluctuate based on market conditions.