Answer the following statement(s) true (T) or false (F)
1. The recycling rate in the United States is higher than that of any other nation in the world.
2. According to the textbook application, the Duales System Deutschland AG (DSD) was formed in response to requirements of Germany’s Packaging Ordinance of 1991.
3. EPA’s integrated waste management system promotes techniques and programs aimed at recycling, source reduction, combustion, and land disposal, in that order.
4. MSW markets achieve efficiency at the point where MPC = MPB as long as there are no externalities.
5. If MSW services are priced in a way that is independent of the quantity of waste generated, that pricing system is called fixed fee or flat fee.
1. False
2. True
3. False
4. True
5. True
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If official poverty statistics for the United States included transfer payments individuals receive from the government, such as Social Security payments and other non-cash benefits such as food stamps
A) the poverty rate would be lower. B) income inequality would be greater. C) the poverty rate would be overstated. D) poverty would be eliminated.
A firm's total revenue
a. can be read off the demand curve it faces, but only if we know total cost of production b. can be read off the demand curve it faces, but only if we know how must output the firm sells c. is found by multiplying price per unit by the number of units produced and sold d. is equal to profit when inputs are fixed in the short run e. will be positive at any level of output
Which of the following transactions would be included in this year's GDP for the United States?
a. You buy a rug imported from Mexico. b. You buy stock in an American textile company. c. You purchase a table over the Internet from a North Carolina furniture manufacturer. d. You purchase a table over the Internet from a Mexican manufacturer.
In the balance of payments, any transaction that leads to a receipt by a resident of a country is a
A) minus item. B) debit item. C) surplus item. D) deficit item.