A typical life cycle assessment (LCA)
a. has three components
b. evaluates all stages of a product or process from raw materials extraction to disposal
c. addresses only the environmental risks to human health
d. ignores ecological risk
b. evaluates all stages of a product or process from raw materials extraction to disposal
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If a firm is producing the level of output at which the total cost curve intersects the total revenue curve,
a. profit is positive b. profit is maximized c. profit is zero d. costs are minimized e. average revenue is maximized
The three broad reasons for saving, as identified by economists, relate to:
A. consumption, investment, and exports. B. national, public, and private production. C. capital gains, capital losses, and deficits. D. the life-cycle, precaution, and bequests.
The Constitution contains a provision that states that no laws shall be passed "impairing the obligation of contracts." This provision
(a) meant that the English common law was legislated for the new republic. (b) was an innovation by the authors of the Constitution and not found in British law. (c) was only a minor aspect of developing the new idea of government by law and not by men. (d) was a controversial provision and opposed by many delegates.
The Federal Reserve System is an independent body, so it does not require to report to Congress on its goals and money targets
a. True b. False Indicate whether the statement is true or false