Answer the following statement(s) true (T) or false (F)
1. Reformulated fuel contains more oxygen to permit more complete combustion and to lower carbon monoxide emissions.
2. Used in certain nonattainment areas, the cleaner fuel that emits less hydrocarbons, carbon monoxide, and toxics than conventional gasoline is called oxygenated fuel.
3. Ethanol (E85) is a blend of 85 percent ethanol and 15 percent gasoline.
4. Ethanol (E10) is a blend of 10 percent gasoline and 90 percent ethanol and is known as gasohol.
5. Tax credits at the federal level are currently available for both hybrids and plug-in electric hybrids.
1. False
2. False
3. True
4. False
5. False
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The marginal cost curve of pollution abatement is
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.
The aims of mercantilists do not include
a. achieving power and wealth for the state. b. achieving political and economic unity. c. keeping artisans in the home country. d. All of the above were aims of the mercantilists.
A person or a country can have comparative advantage in all activities.
Answer the following statement true (T) or false (F)
A business can be operated profitably at a loss for an indefinite period of time
A) if it is unable to meet all their obligations but able to cover operating costs. B) if we neglect the social costs of discriminatory pricing. C) for firms that enjoy special legal privileges. D) if costs are calculated as marginal opportunity costs.