The purpose of the network of air quality monitoring stations across the United States is
a. to monitor compliance with National Ambient Air Quality Standards.
b. to monitor compliance with the National Emissions Inventory.
c. to monitor compliance with the Environmental Protection Agency.
d. to monitor compliance with the Air Quality Index.
e. to impose environmental responsibility on business and industry.
f. None of the above.
Answer: a. to monitor compliance with National Ambient Air Quality Standards.
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Physical capital is distinguished from human capital because
A) physical capital refers to trained people. B) physical capital refers to equipment and machinery, whereas human capital refers to trained people. C) human capital refers only to day laborers. D) physical capital refers to trained people, whereas human capital refers to equipment and machinery.
The current rate of unemployment of 5 percent is too high. This is a _______ statement.
A) normative B) ceteris paribus C) positive D) fallacy of false cause
A lower interest rate makes more investment projects profitable, meaning that:
A. there is a direct relationship between the rate of interest and the quantity of investment spending. B. there is an inverse relationship between the rate of interest and the quantity of investment spending. C. there is no relationship between the rate of interest and the quantity of investment spending. D. the demand curve for investment spending is horizontal.
Selling a good abroad below the price charged in the home market, or at a price below the cost of production is called
A) dumping. B) import substitution. C) a quota. D) a tariff.