Answer the following statement(s) true (T) or false (F)
1. According to the textbook application, the automobile industry and the state of California worked together to solve the state’s urban smog problem.
2. Title IV of the 1990 Clean Air Act Amendments uses tradeable allowances to control sulfur dioxide emissions.
3. Under the Clean Air Act, the major groups of air pollutants being controlled are natural pollutants, hazardous air pollutants, and greenhouse gases.
4. In the United States, seven criteria pollutants have been identified through criteria documents.
5. Among the criteria pollutants identified in the United States is carbon dioxide.
1. False
2. True
3. False
4. False
5. False
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Why do workers exert more effort when they are paid higher salaries?
What will be an ideal response?
Suppose that the production function for the economy is Y = AK0.2L0.8. If the capital stock = 40,000, the quantity of labor = 10,000, and the efficiency index = 1, the marginal product of capital is
A) $0.066. B) $0.20. C) $1.05. D) $1.58.
Use the above table. Assuming constant opportunity costs, the opportunity cost of producing a gallon of wine in Argentina is
A) 0.33 pound of beef. B) 0.5 pound of beef. C) 2 pounds of beef. D) 3 pounds of beef.
Perfectly elastic demand curves are
a. downward sloping b. upward sloping c. vertical d. horizontal e. steep