Direct controls have traditionally been used heavily to control pollution in the U.S
a. True
b. False
Indicate whether the statement is true or false
True
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Marginal revenue is defined as the
a. total revenue minus total cost b. change in total revenue divided by the change in the quantity of output c. price minus average total cost d. total revenue over the quantity of output e. quantity times price
Which of the following is INCORRECT?
a. Emissions limits in PSD areas are more stringent than those in nonattainment areas b. New Source Performance Standards are technology-based and defined by the EPA c. Emissions limits for existing sources are more lenient than for new sources d. Technology-based standards used to control stationary sources are applied uniformly
When firms have had to defend themselves against the charge that they have adopted unjustifiably low prices either to drive a competitor out of business or to prevent the entry of a rival, they have been accused of
A. creating a trust. B. conspiracy. C. predatory pricing. D. price discrimination.
The Federal Reserve could increase the money supply by:
a. Raising the discount rate b. Buying government bonds on the open market c. Raising interest rates d. Selling government bonds on the open market