In the United States, the pollution prevention hierarchy consists of the following
a. source reduction
b. reuse/recycling
c. cleaner production
d. all of the above
e. (a) and (b) only
e. (a) and (b) only
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The PDV of a perpetuity with a yearly payment of $500 at an interest rate of 5% is
A) $100. B) $5,000. C) $25,000. D) $10,000. E) $100,000.
When a recession hits, we would expect the government to run a budget deficit by raising the level of its spending or by cutting taxes, or perhaps both. The Fed would be expected to:
A. reduce the required reserve ratio, increase the discount rate, and buy securities on the open market. B. reduce the required reserve ratio, reduce the discount rate, and sell securities on the open market. C. reduce the required reserve ratio, reduce the discount rate, and buy securities on the open market. D. increase the required reserve ratio, reduce the discount rate, and sell securities on the open market.
Which of the following will tend to occur when the interest rate increases?
A. The demand for money curve shifts rightward. B. There is a leftward movement along the demand for money curve. C. The demand for money curve shifts leftward. D. There is a rightward movement along the demand for money curve.
Refer to the diagram showing the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's total cost:
A. is $10.
B. is $40.
C. is $400.
D. cannot be determined from the information provided.