How Did Developed Countries Respond to Developing Countries When the Latter

question 33

Multiple Choice

How did developed countries respond to developing countries when the latter argued that CFCs were a developed world problem, and the developed world should solve it?

• A) Allowed grace period for developing countries and established a fund to finance alternative CFC technology
• B) Threatened military action and sanctions
• C) Increased tariffs on noncooperating developing nations
• D) Developed countries phased CFCs out without the cooperation of developing countries

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Definitions:

Labor Costs

The total amount of money businesses have to spend on paying their employees, including wages, salaries, and benefits.

Wage Rates

The amount of money paid per unit of time or output to an employee for labor.

Employment Decline

A reduction in the number of jobs or the rate of employment within an economy.

Economic Profit

The discrepancy between overall income and the sum of all expenses, covering both direct and indirect costs.