The EPA issues permits to every stationary source of pollution in the United States
Indicate whether the statement is true or false
F States issue most permits for stationary sources, according to guidelines from the EPA.
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When a worker has a rare skill or talent, supply in that labor market:
A. is low. B. is high. C. depends on the other factors of production. D. depends on the output produced.
A perfectly elastic supply curve is expressed graphically as a(n):
a. downward sloping line or curve. b. upward sloping line or curve. c. vertical line. d. horizontal line.
H. Ross Perot's famous claim in 1992 that the North American Free Trade Agreement (NAFTA) would cause a "great sucking sound" referred to
A. a rapid increase in U.S. exports to Mexico. B. a huge increase in foreign direct investment in the United States. C. a rapid increase in the wage inequality in Mexico. D. an instant shift of jobs from the United States to the Mexico.
An economic model:
A. is so abstract that it cannot be applied to real-world events. B. applies economic theory to understand real-world events. C. is an action taken to influence the course of economic events. D. can be used only to understand free markets.