Answer the following statement(s) true (T) or false (F)
1. The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), or Superfund, was the first legislative act aimed at hazardous waste sites in the United States.
2. The Superfund Amendments and Reauthorization Act (SARA) maintained the “Superfund” at its original level of $1.6 billion.
3. The Brownfields Act was passed during the Obama administration and deals with abandoned properties whose redevelopment is compromised by contamination.
4. Removal actions are long-term official responses to the release of a hazardous substance aimed at achieving a more permanent solution.
5. Hazardous waste sites posing the greatest threat to health and the ecology are placed on the National Priorities List (NPL).
1. True
2. False
3. False
4. False
5. True
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For a lender, an increase in the real interest rate
A) definitely reduces current consumption and increases future consumption. B) reduces current consumption and has an uncertain effect on future consumption. C) has an uncertain effect on current consumption and increases future consumption. D) has an uncertain effect on both current and future consumption.
Many economists think that, in the long run, the Phillips curve is
a. a horizontal line. b. a vertical line. c. the same as the short-run curve. d. a 45-degree line from the origin.
Which of the following is an example of a transfer payment?
a. wages and salaries paid to the employees of the Internal Revenue Service b. purchase of automobiles by a local police department c. agriculture subsidies paid to farmers d. salaries paid to the college professors of state-operated universities
Foreign direct investment that takes the form of purchasing an existing plant is often called:
a. acquisition FDI. b. greenfield FDI. c. requisition FDI. d. brownstone FDI.