Answer the following statement(s) true (T) or false (F)
1. Nature’s capacity to convert matter and energy is limitless.
2. According to BMW Group, plastics are among the simplest materials to recycle.
3. Natural pollutants are those linked to human activity.
4. Chemical wastes associated with the manufacturer of solvents are anthropogenic pollutants.
5. An airplane is a point source of pollution.
1. False
2. False
3. False
4. True
5. True
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Refer to the figure above, which shows domestic supply and demand. If P1 is equal to P2 (the world price) plus a tariff, then government revenue from the tariff is equal to
A) a + c B) b C) P1 ( Q3 - Q2 ) D) P2 [(Q2 - Q1 ) + (Q4 - Q3 )] E) a + b + c
An increase in the real interest rate will
a. lead to an increase in the expected inflation rate. b. increase the real cost of purchasing goods and services in the current period relative to future periods. c. encourage borrowers to demand a larger quantity of funds. d. reduce the quantity of funds supplied to the loanable funds market.
A risk-neutral monopoly must set output before it knows the market price. There is a 50 percent chance the firm's demand curve will be P = 40 ? Q and a 50 percent chance it will be P = 60 ? Q. The marginal cost of the firm is MC = 3Q. The expected profit-maximizing quantity is:
A. 5. B. 10. C. 50. D. 25.
The curve that shows the relation between quality and firm value is:
A. a vertical line. B. in the shape of an inverted U. C. a flat line. D. U-shaped.