Calculate Income-elasticity for a household when the income of this household rises by 5% and the demand for buttons does not change at all.
(a) Infinity
(b) 1
(c) 5
(d) Zero
Answers
World Bank Group
STORY HIGHLIGHTS
The Pacific Islands countries are among the most vulnerable to effects of climate change and natural hazards.
Global efforts must be undertaken to avoid a warmer world and support Pacific Islands countries respond to effects of climate change.
This year’s Pacific Islands Forum aims to marshal a Pacific response to climate change.
For many countries the effects of climate change may not yet be obvious, but for the people in the Pacific Islands the threat is very real.
“There are still some who believe that climate change is a distant threat but for us it is a present threat. It’s happening now and our people are being affected now,” said the Hon. Tessie Eria Lambourne, Secretary of Foreign Affairs and Immigration for the Government of Kiribati during a recent discussion at the World Bank.
Kautuna Kaitara, Program Manager of the Kiribati Adaptation Program, is among those who have seen first-hand the impacts of climate change in the Pacific Islands. “Coastal areas are eroded, but extremely eroded in some areas which took away the land with permanent housing built on them, requiring relocations of the communities living there,” said Kautuna