In risk characterization, a reference dose (RfD) of 0.007 means that
a. 0.7 percent of people are exposed to the environmental hazard
b. exposure to 0.007 milligrams of a pollutant per body weight per day over a lifetime should cause no harm
c. there is a 0.007 percent probability that the pollutant causes no harm
d. 7 out of 1 million people are affected by the pollutant
b. exposure to 0.007 milligrams of a pollutant per body weight per day over a lifetime should cause no harm
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According to this Application, clear property rights are important for economic growth, because without a clear title to property
A) no utilities will be available for the property. B) the property cannot be used as collateral for loans. C) people will not reside on the property. D) the property has no value.
If real GDP increases over time, the cost of living will
A) always remain constant. B) always decrease. C) always increase. D) either remain constant or increase. E) More information is needed to determine how the cost of living changes.
What is the transitional gains trap? In New York, in order to be legal a cab driver must have a medallion (i.e., a license) to operate
With respect to New York cab drivers who, if anyone, received transitional gains? What if the medallion program were ended tomorrow. Who would be harmed?
Why does a monopolist's total revenue eventually fall as it produces and sells more output?