Why Did the United States Refuse to Ratify the Kyoto

question 69

Multiple Choice

Why did the United States refuse to ratify the Kyoto Protocol?

• A)The United States did not think the agreement went far enough in reducing greenhouse gases.
• B)The United States would have to reduce its carbon emissions while developing countries would not.
• C)The United States was boycotting the host country,Japan,because of its whaling practices.
• D)The United States preferred an alternative agreement proposed by several European countries.

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Definitions:

Real Average Hourly

Real Average Hourly refers to the measurement of average hourly earnings adjusted for inflation, providing a more accurate depiction of purchasing power over time.

Wages

Compensation received by employees for their labor, typically quantified as per hour, day, or unit of work completed.

Winner-Take-All Markets

Markets in which a small number of sellers or creators receive a large majority of the rewards, leaving little for others.

Substitution Effect

The economic principle that as the price of a good decreases, consumers will substitute away from higher-priced goods, and vice versa.