States outline procedures to attain air quality standards within their jurisdictions through
a. offset plans for each AQCR
b. state implementation plans (SIPs)
c. criteria documents
d. PSD programs
e. none of the above
b. state implementation plans (SIPs)
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If marginal revenue equals zero, then demand at this level of output is
A) perfectly inelastic. B) inelastic. C) unit elastic. D) elastic.
A tariff is imposed on strawberries. The tariff will ___________ the price of strawberries in the domestic market, _____________ the quantity of strawberries imported in the domestic market, and ____________ consumers' surplus
A) raise; lower; lower B) lower; raise; lower C) raise; lower; raise D) lower; lower; raise
Figure 11-4
Physicians have two types of patients: private patients who pay directly or with insurance, and Medicaid patients whose care is paid for by the state. Physicians must lower prices to attract more private patients, but they can add unlimited Medicaid patients at a constant price. The situation facing Dr. Casey is depicted in Figure 11-4. Units of medical service (say, number of patients x number of visits) are measured on the horizontal axis. How many units of medical service will Dr. Casey deliver to Medicaid patients?
a.
OA
b.
AC
c.
OC
d.
OD
Which of the following is a strong assumption for static and finite distributed lag models??
A. ?Sequential exogeneity B. Strict exogeneity C. ?Dynamic completeness D. Homoskedasticity