Answer the following statement(s) true (T) or false (F)
1. Title VI of the 1990 Clean Air Act Amendments specifically addressed the problem of tropospheric ozone.
2. To help the U.S. achieve its objectives to control ozone depletion, an escalating excise tax was levied on the production of ozone-depleting substances.
3. According to the Regulatory Impact Analysis (RIA) of the phaseout plan for ozone-depleting substances, the associated costs exceedthe expected benefits.
4. As the effective price of ozone-depleting substances rises due to the excise tax, the demand for substitute substances increases.
5. As a consequence of actions under the Montreal Protocol, the ozone depletion problem has been eliminated.
1. False
2. True
3. False
4. True
5. False
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The top four U.S. multinational corporations are oil companies
Indicate whether the statement is true or false
Does low human capital cause poverty or does poverty cause low human capital?
A. The causality works both ways. B. Poverty causes low human capital, not the other way around. C. There is no causal link between low human capital and poverty. D. Low human capital causes poverty, not the other way around.
With a tax of zero dollars, equilibrium occurs at
Suppose the supply of labor is W – t = 10H, where W is the gross wage, t is the tax (in dollars), and H is labor hours. The demand for labor is W = 120 – 2H. a) H = 10, W = 100 b) H = 9, W = 90 c) H = 8, W = 80 d) H = 7, W = 70 e) H = 6, W = 60
Suppose that in an effort to help single parents, the government decides to pay part of the cost of childcare. This measure would increase ________ in the market for childcare.
A. producer surplus B. total economic surplus C. efficiency D. consumer surplus