Answer the following statement(s) true (T) or false (F)

1. Relative to mobile sources, stationary sources are bigger emitters of sulfur oxides.
2. Acidic compounds are formed from a chemical reaction in the earth’s atmosphere, involving sulfur dioxide, nitrogen oxide, water vapor, and oxidants.
3. Acid rain is a local pollution problem.
4. Of the two major pollutants responsible for acid rain, sulfur dioxide (SO2) is the more significant.
5. Major sources of SO2 emissions are automobiles and other mobile sources.


1. True
2. True
3. False
4. True
5. False

Economics

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An economy produces only 500,000 tables valued at $100 each. Of these, 100,000 are sold to consumers, 200,000 are sold to businesses, 100,000 are sold to the government, and 50,000 are sold abroad. No tables are imported. At the end of the year, the table manufacturers hold the unsold tables in inventory. What is the value of the investment component of GDP?

A. $25 million B. $2 billion C. $10 million D. $20 million

Economics

A change in government spending has a larger effect on income the

a. larger the elasticity of money demand. b. smaller the elasticity of money demand. c. steeper the LM curve. d. flatter the LM curve.

Economics

In a recession, the trade balance often improves because

a. service exports exceed manufactured good exports b. banks sell depressed assets c. fewer households can afford luxury imports d. direct investment abroad declines e. the capital account exceeds the current account

Economics

Martha Stewart earns $4,000 and she wants to save it for retirement, which is 10 years away. She can either save it in a taxable account or put it into a Roth IRA. Suppose that Martha can receive an annual rate of return of 8 percent and her marginal tax rate is 25 percent. By the time she reaches retirement, how much money would she have in either option? NOTE: Martha has to pay tax on the $4,000, so she cannot put the full amount into either the taxable account or the Roth.

What will be an ideal response?

Economics