The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA)
a. is the primary law that governs U.S. pesticide policy
b. uses registration of new pesticides and reregisration of existing pesticides as its chief regulatory instruments
c. was revised through the Pesticide Registration Improvement Act of 2003
d. all of the above
e. none of the above
d. all of the above
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According to John Maynard Keynes,
A) Say's Law is always correct. B) prices and wages move up and down freely. C) effective demand determines real GDP. D) a free market economy automatically finds equilibrium at full employment. E) supply creates its own demand.
During the colonial period, individual producers
(a) were never required to produce specific goods or services. (b) were, at times, required by colonial officials to produce certain staples if they wanted to produce cash crops. For example, the early governors of Virginia directed tobacco producers to also plant wheat. (c) produced only what they were directed to produce by colonial officials as part of an overall plan of colonial development. (d) received orders directly from England to produce what was viewed as most valuable to England.
One way the "lemons problem" in the used-car market can be mitigated is by
a. raising the price of used cars. b. hiring auto experts to sell used cars. c. requiring sellers to guarantee trouble-free cars. d. allowing owners to trade in their own cars when they purchase a used car.
If the number of employed workers in a country decreases, the unemployment rate in the country will increase
a. true b. false