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

1. The federal grant program may have created an incentive for over-building of POTWs and a disincentive for cost-minimization.
2. The Nonpoint Source Management Program was enacted under the Water Quality Act of 1987 as a three-stage plan to be implemented at the state level.
3. According to the text application, mercury contamination is relatively easy to control because mercury emissions tend to remain close to the polluting source.
4. In the United States, the greatest proportion of resources and funding has been allocated to nonpoint source pollution.
5. Delegating control of nonpoint source pollution to the states can be advantageous because runoff is affected by factors that vary considerably, making uniform controls at the federal level ineffective and difficult to implement.


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

Economics

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Refer to Table 27-1. Consider the hypothetical information in the table above for potential real GDP, real GDP, and the price level in 2016 and in 2017 if Congress and the president do not use fiscal policy

If Congress and the president want to keep real GDP at its potential level in 2017, they should A) increase the level of interest rates. B) decrease the money supply. C) decrease government purchases. D) decrease income taxes.

Economics

In the multiple regression model, the least squares estimator is derived by

A) minimizing the sum of squared prediction mistakes. B) setting the sum of squared errors equal to zero. C) minimizing the absolute difference of the residuals. D) forcing the smallest distance between the actual and fitted values.

Economics

The negative of the slope of the isoquant indicates the ___________________________

Fill in the blank(s) with the appropriate word(s).

Economics

Related to the Economics in Practice on page 68: One explanation for the increase in the price of the Baltimore newspaper is the increase in the cost of newsprint. This would cause the ________ of Baltimore newspapers to ________.

A. supply; increase B. supply; decrease C. quantity supplied; decrease D. quantity supplied; increase

Economics