Which of the following statements is INCORRECT?
a. Before the 1950s, all air quality laws in the United States had been enacted at the state and local levels of government
b. The first state-level law to control motor vehicle emissions was passed in Massachusetts
c. The Clear Skies Act was put forth under the administration of George W. Bush
d. The Clean Air Act Amendments of 1990 include some market-based policies
b. The first state-level law to control motor vehicle emissions was passed in Massachusetts
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The figure above shows the market for annual influenza immunizations the United States. The efficient quantity of immunizations is
A) 14 million per year. B) 10 million per year. C) Between 14 and 21 million per year. D) Less than 10 million per year. E) 22 million per year.
For a nonrenewable natural resource, such as oil, the equilibrium price ________ the market fundamentals price
A) is always the same as B) can be greater than but not less than C) can be less than but not greater than D) can be less than, greater than, or equal to
In the Keynesian model, a firm's high menu costs cause
A) real-wage rigidity. B) full employment. C) price stickiness. D) efficiency wages.
The theory of liquidity preference is largely at odds with the basic ideas of supply and demand
a. True b. False Indicate whether the statement is true or false