Answer the following statement(s) true (T) or false (F)
1. Recently, the EPA announced a set of 6 principles to facilitate the reauthorization and strengthening of TSCA.
2. The Green Chemistry Program calls for a commitment by all participants in the product cycle to reduce environmental effects of products.
3. According to the textbook application, the Responsible Care Program was launched in the U.K.
4. Risk perception of chemical exposure does not always align with actual risk.
1. True
2. False
3. False
4. True
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Answer the following statement(s) true (T) or false (F)
1. If the demand curve for a good is relatively flat, a small change in price results in a relatively large change in quantity demanded 2. If safer cars reduce a driver's chance of dying in an accident, then there will be fewer driver fatalities. 3. If one wants to apply the theoretical side of economics by examining data, they use a family of statistical techniques called econometrics. 4. A sales tax causes the demand curve to shift upwards by the amount of the tax. 5. As defined by economists, the supply of corn refers to the number of bushels of corn that farmers bring to the market.
When the Fed buys government securities in the open market, it ________.
A. decreases the excess reserves of the banking system, reducing excess reserves for overnight loans in the federal funds market and thus lowering the federal funds rate B. increases the excess reserves of the banking system, raising excess reserves for overnight loans in the federal funds market and thus lowering the federal funds rate C. increases the excess reserves of the banking system, reducing excess reserves for overnight loans in the federal funds market and thus lowering the federal funds rate D. decreases the excess reserves of the banking system, reducing excess reserves for overnight loans in the federal funds market and thus increasing the federal funds rate
An increase in the rate of depreciation is associated with ________
A) a decrease in the rate of productivity B) a decrease in gross investment C) a decrease in net investment D) an increase in net investment
Efficiency in output requires which of the following?
A. MC = MRP B. MC = MFC C. MC = MU D. MC = AVC