UNC PLCY 110 exam with answers
Absolute advantage - ....🔰VERIFIED ANSWERS.... ✔✔a country that can
produce more of a good in a given time frame has the ______________ in the
production of that good
Anthropogenic global warming - ....🔰VERIFIED ANSWERS.... ✔✔global
warming caused by humans, this is the primary cause of climate change as
agreed on by the majority of scientists
Availability heuristic - ....🔰VERIFIED ANSWERS.... ✔✔an image or example
that comes to mind easily because of mass portrayal in the media or
widespread awareness of the issue; example- we are more likely to see
terrorism than lightning strikes as a threat to safety because of the recent focus
on terrorism
Cap and Trade - ....🔰VERIFIED ANSWERS.... ✔✔government puts a cap on
pollution production with permits, the companies can trade these permits so
that companies can profit off their pollution production
Chapter VII of the UN Charter - ....🔰VERIFIED ANSWERS.... ✔✔set out the
security council's power to maintain peace
Common pool resources - ....🔰VERIFIED ANSWERS.... ✔✔are non
excludible but are exhaustible
, Comparative advantage - ....🔰VERIFIED ANSWERS.... ✔✔a country has the
______________________ in the goods it has the lowest opportunity cost in
compensation principle - ....🔰VERIFIED ANSWERS.... ✔✔redistribution of
wealth to take from the "winners" and give to the "losers"; shift in
taxes/policies; difficult because people who gain don't want to share
Externalities - ....🔰VERIFIED ANSWERS.... ✔✔positive or negative effects on
a third party by an action; not included in the cost of production; ex: pollution
economic rights - ....🔰VERIFIED ANSWERS.... ✔✔human rights to hold a
job, make a fair income ect. and receive welfare benefits
Excludable - ....🔰VERIFIED ANSWERS.... ✔✔goods are privately owned-
they are not free to the public for use ex: cable TV
rival - ....🔰VERIFIED ANSWERS.... ✔✔goods are exhaustible or cannot be
used by everyone without being used up
Free riders - ....🔰VERIFIED ANSWERS.... ✔✔benefit from externalities
without contributing
Genocide - ....🔰VERIFIED ANSWERS.... ✔✔actions intended to destroy in
whole or in part members of a social or religious group
Greenhouse effect - ....🔰VERIFIED ANSWERS.... ✔✔the process of chemicals
getting trapped in the atmosphere and heating the planet
Absolute advantage - ....🔰VERIFIED ANSWERS.... ✔✔a country that can
produce more of a good in a given time frame has the ______________ in the
production of that good
Anthropogenic global warming - ....🔰VERIFIED ANSWERS.... ✔✔global
warming caused by humans, this is the primary cause of climate change as
agreed on by the majority of scientists
Availability heuristic - ....🔰VERIFIED ANSWERS.... ✔✔an image or example
that comes to mind easily because of mass portrayal in the media or
widespread awareness of the issue; example- we are more likely to see
terrorism than lightning strikes as a threat to safety because of the recent focus
on terrorism
Cap and Trade - ....🔰VERIFIED ANSWERS.... ✔✔government puts a cap on
pollution production with permits, the companies can trade these permits so
that companies can profit off their pollution production
Chapter VII of the UN Charter - ....🔰VERIFIED ANSWERS.... ✔✔set out the
security council's power to maintain peace
Common pool resources - ....🔰VERIFIED ANSWERS.... ✔✔are non
excludible but are exhaustible
, Comparative advantage - ....🔰VERIFIED ANSWERS.... ✔✔a country has the
______________________ in the goods it has the lowest opportunity cost in
compensation principle - ....🔰VERIFIED ANSWERS.... ✔✔redistribution of
wealth to take from the "winners" and give to the "losers"; shift in
taxes/policies; difficult because people who gain don't want to share
Externalities - ....🔰VERIFIED ANSWERS.... ✔✔positive or negative effects on
a third party by an action; not included in the cost of production; ex: pollution
economic rights - ....🔰VERIFIED ANSWERS.... ✔✔human rights to hold a
job, make a fair income ect. and receive welfare benefits
Excludable - ....🔰VERIFIED ANSWERS.... ✔✔goods are privately owned-
they are not free to the public for use ex: cable TV
rival - ....🔰VERIFIED ANSWERS.... ✔✔goods are exhaustible or cannot be
used by everyone without being used up
Free riders - ....🔰VERIFIED ANSWERS.... ✔✔benefit from externalities
without contributing
Genocide - ....🔰VERIFIED ANSWERS.... ✔✔actions intended to destroy in
whole or in part members of a social or religious group
Greenhouse effect - ....🔰VERIFIED ANSWERS.... ✔✔the process of chemicals
getting trapped in the atmosphere and heating the planet
