Answer the following statement(s) true (T) or false (F)
1. Over 180 hazardous air pollutants are controlled by the Clean Air Act.
2. Stationary sources are those arising at a fixed site, such as power plants or factories.
3. In the United States, the set of standards for criteria pollutants are called the NESHAP.
4. Primary NAAQS are intended to protect public welfare.
5. According to the textbook application, air quality standards in the United Kingdom are identical to those in the United States.
1. True
2. True
3. False
4. False
5. False
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A borrowed reserves target is ________ because increases in income ________ interest rates and discount loans, causing the Fed to ________ the monetary base, everything else held constant
A) procyclical; increase; increase B) countercyclical; increase; increase C) procyclical; reduce; reduce D) countercyclical; reduce; reduce
Answer the following statements true (T) or false (F)
1. A nation that imports more than it exports has a surplus balance of trade. 2. Whenever planned injections exceed planned leakages, total spending is less than total output. 3. Taxes are a leakage from the circular flow. 4. The GDP is the current market value of final goods and services produced by the nation’s economy over a period of time. 5. Constant-dollar GDP and real GDP are the same thing.
If the demand for a good is price elastic, then the price elasticity will be
a. equal to one b. equal to zero c. greater than one d. less than one e. less than zero
Assume Joe invests a total of $10,000 in a company—$5,000 of which is his own money and $5,000 of which he borrowed at a 10 percent interest rate. If the company’s stock value increases by 20 percent in one year at which time Joe sells his shares of the stock, what is Joe’s rate of return on his investment?
A. 10 percent B. 15 percent C. 20 percent D. 30 percent