Which of the Following Is TRUE of the Years 1995

question 45

Multiple Choice

Which of the following is TRUE of the years 1995 through 2006?

• A) India and China began serious efforts to curb green house gases.
• B) Presidents Clinton and Bush ratified the Kyoto protocol which requires nations to reduce greenhouse emissions.
• C) These years were 11 of the 12 warmest years since 1850 when global temperature measurement began.
• D) Whale and dolphin species rebounded from record low populations.

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Definitions:

Equilibrium Price

The equilibrium price is the market price at which the quantity of goods supplied is equal to the quantity of goods demanded, leading to market balance.

Equilibrium Quantity

The amount of goods or services supplied that is equal to the amount demanded at the market equilibrium price.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.