Answer the following statement(s) true (T) or false (F)
1. ISO 14000 refers to mandatory internationals standards for environmental management.
2. A major component of the ISO 14000 standards addresses life cycle assessments.
3. In the hierarchy of waste management identified by the Pollution Prevention Act of 1990, recycling of wastes is the top priority.
4. The United States is the only country to legislate pollution prevention.
5. One of McDonald’s pollution prevention programs is known as P3 (Pollution Prevention Pays).
1. False
2. True
3. False
4. False
5. False
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The deficit that exists when the economy operates at full employment is called the __________ deficit
A) net B) gross C) cyclical D) structural
Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
Suppose Acme and Mega decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Mega cheats on the agreement by reducing its price to $1 and Acme matches the price cut, then if consumers are evenly split between the two firms, Acme's economic profit will be ________.
A. $100 B. $75 C. $150 D. $200
A firm's minimum efficient scale is the largest quantity of output at which long-run average cost reaches its highest level
Indicate whether the statement is true or false
U.S. Trade Adjustment Assistance:
a. is not available to workers in manufacturing. b. is not available to workers displaced by NAFTA. c. is not available to workers in service industries. d. expired with the advent of the WTO in 1995.