The technology-based effluent limitations
a. are performance-based standards
b. do not make distinctions based on the age of the industrial facility
c. are applicable only to nonpoint polluting sources
d. have been eliminated from U.S. water quality policy
a. are performance-based standards
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Which of the following will not cause a change in the demand for product A?
A. a change in the price of A B. a change in consumer incomes C. a change in tastes D. a change in the number of buyers
If the money wage rate rises,
A) the AS curve shifts leftward. B) there is a movement down along the AS curve. C) there is neither a movement along or a shift in the AS curve. D) the AS curve shifts rightward. E) there is a movement up along the AS curve.
Engel's law suggests that as income rises, the demand for food
a. rises less than proportionately b. rises more than proportionately c. rises proportionately d. falls e. none of the above
Assume your roommate is very untidy. According to campus policy, you have a right to live in an uncluttered apartment. Suppose she/he gets a $200 benefit from being untidy but imposes a $100 cost on you. The Coase Theorem would suggest an efficient solution can be reached where: a. you continue to live with your messy roommate until you are able to make other living arrangements elsewhere. b
your roommate stops her/his messy habits or you force her/him to move out. c. you pay your roommate at least $100 but no more than $200 to clean up after (her)himself. d. your roommate pays you at least $100 but no more than $200 for the right to be untidy (or to have you clean up after her/him).