Answer the following statement(s) true (T) or false (F)
1. Risk is the chance of something bad happening.
2. Risk analysis is an important element of environmental policy development.
3. Risk that is deliberately assumed is considered involuntary risk.
4. Exposure to passive or secondhand smoke is a type of voluntary risk.
5. Both hazard and exposure define environmental risk, but each can independently affect the outcome.
1. True
2. True
3. False
4. False
5. True
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As the dollar exchange rate, e, decreases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.
A. decreases; decreases B. increases; increases C. decreases; increases D. increases; decreases
Suppose Sam buys a good for $100 at a yard sale. If consumer surplus from the sale is $75, Sam would have been willing to pay:
a. $100 b. $175. c. $25 d. equal to the deadweight loss.
If a country had a nominal GDP of $753 million, and the GDP deflator was 90, what is the real GDP?
a. $685 million b. $828 million c. $836 million d. $863 million
The continuation of federal agricultural subsidy programs is based on a desire not to undermine the stability of the farm economy
Indicate whether the statement is true or false