Pollution prevention
a. has nothing in common with industrial ecology
b. emphasizes the household sector
c. suggests source reduction and toxic chemical use substitution as preventive goals for industry
d. none of the above
c. suggests source reduction and toxic chemical use substitution as preventive goals for industry
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According to Alfred Chandler, large vertically integrated firms dominated much of American manufacturing in the early 1900s because
a. U.S. manufacturers sought to emulate the production practices of European manufacturers. b. U.S. tax laws created strong incentives for vertical integration. c. continuous-flow technologies were cost minimizing only when the inflow of inputs and the sale of outputs proceeded without interruption. d. larger firms were better able to fight the establishment of labor unions and collective bargaining arrangements.
As your wage increases, the ________ effect causes you to work more, but the ________ effect causes you to work less and demand more leisure
a. substitution; income b. income; substitution c. work; leisure d. leisure; work
Which of the following is most likely to lead to an increase in the rental price of apartments near your campus?
What will be an ideal response?
When neither the patient nor the doctor is cost conscious as a result of health insurance, economists label this the
A. efficiency outcome. B. moral hazard problem. C. risk neutrality. D. the insurance fiasco.