Which Statement Is True

question 84

Multiple Choice

Which statement is true?

• A) The Kyoto Protocol will force less-developed countries to reduce emissions.
• B) The Kyoto Protocol will not be financially difficult for developed countries like the United States.
• C) An international agreement on emission permit trading would have no noticeable impact on the cost associated with the Kyoto Protocol.
• D) Some estimates show that GDP in 2010 in the United States could be as much as 5% lower as a result of the changes required to achieve the Kyoto target.

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Definitions:

Uniform Partnership Act

A set of laws adopted by many states to regulate the operations of partnerships and the relationships between partners.

State Regulated Partnership Act

Legislation that governs the formation, operation, and dissolution of partnerships within a specific state, including rules on liability, ownership, and management.

Federal Partnership Act

A general reference to legislation that governs the formation, operation, and dissolution of partnerships in the United States, although the specific laws can vary by state.

Unlimited Liability

A legal concept where business owners are personally responsible for all of the company's debts and liabilities, without any limit on the amount for which they could be liable.