Answer the following statement(s) true (T) or false (F)
1. Contaminants such as pollen and salt spray are known as anthropogenic pollutants.
2. Prior to the 1950s, all air quality laws in the United States had been enacted at the state and local levels of government.
3. The first federal air pollution legislation was the Clean Air Act of 1963.
4. One of the hallmarks of the 1990 Clean Air Act Amendments is its integration of market-based policy instruments, such as the use of tradeable allowances to control emissions.
5. The Clean Air Interstate Rule (CAIR), which was part of the 2004 Clean Air Rules, was considered to be the most important environmental initiative enacted by the Bush Administration.
1. False
2. True
3. False
4. True
5. True
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The accountant for Muzhi's Sushi claims that Muzhi has accomplished "economic efficiency." This means that Muzhi's Sushi
A) produces a given output using the least inputs. B) produces a given output at the lowest cost. C) has an economic profit greater than a normal profit. D) has a normal profit greater than an economic profit.
National income is equal to
A) GDP minus depreciation. B) GNP plus depreciation. C) disposable personal income plus depreciation plus personal taxes. D) personal income minus personal taxes.
Renewable resources can be exhausted
Indicate whether the statement is true or false
Suppose that the money prices of raw materials increase so that short-run aggregate supply decreases. If the Federal Reserve does not respond, the higher money price of raw materials will
What will be an ideal response?