Answer the following statement(s) true (T) or false (F)
1. In the United States, tradeable effluent markets are far less common than they are in other countries.
2. A watershed refers to a hydrologically defined land area that drains into a specific water body.
3. The use of watershed-based NPDES permits allows for permitting multiple point sources within a single watershed.
4. According to the textbook application, efforts to restore the Chesapeake Bay have been markedly successful.
5. The presidential Executive Order that is dedicated to the restoration of the Chesapeake Bay proposes a strictly command-and-control approach to restore and protect this natural resource.
1. True
2. False
3. False
4. True
5. True
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The big-push strategy is thought to be effective in an LDC because it
a. is financed entirely by the private sector b. does not rely on worker skills and technology c. generates ready markets for each project d. requires only short-term planning e. is managed by international investors
The aggregate demand curve shows the relationship between planned purchases of
A. all final goods and services and total planned production. B. all final goods and services and nominal GDP. C. all final goods and services and interest rates. D. all final goods and services and the price level.
Poorly timed discretionary policy can do more harm than good. Getting the timing right with fiscal policy is generally
A) less difficult than with monetary policy. B) far less difficult than with monetary policy. C) more difficult than with monetary policy. D) about the same difficulty as with monetary policy.
Macroeconomics often relies on microeconomic analysis because
A. microeconomics is older than macroeconomics. B. microeconomic theory can be tested and macroeconomic theory cannot be tested. C. the effects of macroeconomic subjects such as inflation and unemployment are independent of individual consumers and firms. D. all aggregates are made up of individuals and firms.