Which of the following statements about waste disposal is not true?
A. Raw material that has been used must be recycled or disposed.
B. The physical law of conservation of matter dictates that objects like petroleum can be transformed, but cannot simply vanish.
C. The simplest way of dealing with waste is through incineration.
D. The amount of recycling in the United States and European Union has risen over time.
Answer: C
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A railroad company lays a line of track between Houston and Dallas. It provides daily service for industrial customers and ships 5,000 ton-miles per day with a single train and only one departure and arrival at each end
It has an opportunity to purchase a second train that would allow it to ship twice the amount of ton-miles per day. Does this firm face increasing, constant or decreasing returns to scale? Explain.
The double taxation of dividends typically refers to
A) dividends being taxed first as corporate profits and then as income after being paid to stock holders. B) stock holders paying both income and social security taxes on dividends. C) stock holders paying an income tax and dividend surtax on dividends. D) dividends being taxed at both the state and local level.
According to Figure 6.1, in postwar U.S history ________
A) productivity growth was always exceeded by labor growth B) labor growth has always exceeded capital growth C) productivity growth has always exceeded capital growth D) output growth has always exceeded productivity growth
Which of the following is an example of a public good?
A) Amtrak rail transport services B) services of the U.S. Post Office C) the provision of medical care D) the provision of national defense