Which one of the following statements best describes the results of the Clean Air Act in the United States?
a. It has been successful at reducing levels of both criteria and toxic pollutants
b. It has been unsuccessful at reducing levels of both criteria and toxic pollutants
c. It has been successful in reducing levels of criteria pollutants, but levels of toxic pollutants have increased
d. It has been successful in reducing levels of toxic pollutants, but levels of criteria pollutants have increased
e. It is too early to judge whether the Clean Air Act has reduced pollution levels
Ans: a. It has been successful at reducing levels of both criteria and toxic pollutants
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The income per person in the quartile of countries with the most economic freedom was approximately ____ times the figure for the least free group of countries
a. 2 b. 4 c. 5 d. 8
The long-run supply curve for a competitive industry
a. may be horizontal if entry into the industry lowers average total cost. b. may be upward-sloping if higher-cost firms enter the industry. c. will be horizontal if there is free entry into the industry. d. will be upward-sloping if there are barriers to entry into the industry.
Countries that came together by treaty to form the General Agreement on Tariffs and Trade (GATT) agreed to treat all members equally with respect to trade, impose high tariffs on non-GATT countries, and impose low import quotas on non-GATT countries
Indicate whether the statement is true or false
Combinations in restraint of trade are prohibited by
A. the Sherman Act. B. The Clayton Act. C. the Federal Trade Commission Act.