Answer the following statement(s) true (T) or false (F)
1. An important motivation of environmental accounting is to help firms make accurate costs assessments about pollution prevention.
2. Extended product responsibility (EPR) places all the onus of product stewardship on the producer.
3. Re-manufacturing involves collecting, disassembling, reconditioning, and reselling returned products.
4. Design for the Environment (DfE) is a government-mandated program that promotes environmental considerations as part of the design and development of products.
5. Environmental technology transfers can involve dark green or light green technologies.
1. True
2. False
3. True
4. True
5. True
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What will be an ideal response?
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.
Spending by businesses on things such as machines and buildings which can be used to produce goods and services in the future is
A. savings. B. consumption. C. consumption goods. D. investment.
Refer to the information provided in Figure 7.6 below to answer the question(s) that follow. Figure 7.6Refer to Figure 7.6. If the price of capital is $20 and the price of labor is $10, the optimal product technique is
A. A. B. B. C. C. D. D.