When using the traditional command-and-control approach to environmental regulation, the government attempts to
a. set a minimum requirement and then allows the firm to determine the most efficient method for achieving this requirement
b. determine the most efficient method for different industries
c. make allowances for differences across industries and between firms
d. set engineering standards that are applicable to all situations and does not recognize unique circumstances
e. set a maximum requirement and they allows the individual firm the latitude of choosing the most efficient method
D
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The above figure shows a linear (straight-line) demand curve. Starting at point A and then moving to point B and then point C, the price elasticity of demand
A) increases. B) decreases. C) increases and then decreases. D) decreases and then increases.
The Swiss National Bank established the practice of targeting monetary aggregates in ________
A) 1929 B) 1975 C) 2001 D) 2008
Demand pull inflation occurs when the:
A. price of a key input increases suddenly. B. price level changes in response to changes in the business cycle. C. price of necessity goods increases suddenly. D. business cycle becomes sporadic and unpredictable.
Answer the following statement(s) true (T) or false (F)
1. An important motivation of environmental accounting is to help firms make accurate costs assessments about pollution prevention. 2. Extended product responsibility (EPR) places all the onus of product stewardship on the producer. 3. Re-manufacturing involves collecting, disassembling, reconditioning, and reselling returned products. 4. Design for the Environment (DfE) is a government-mandated program that promotes environmental considerations as part of the design and development of products. 5. Environmental technology transfers can involve dark green or light green technologies.