The series of events that begins with waste generation and continues through transport, storage, treatment, and disposal is known as
a. the “cradle to grave” management system
b. the waste manifest system
c. the waste stream
d. the Superfund cleanup process
c. the waste stream
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What are economies of scope?
a. lower average costs when multiple different products are produced b. higher average costs when multiple different products are produced c. Constant average costs when multiple different products are produced d. none of the above
An increase in the money supply, all else held constant, usually ________.
A. increases the interest rate and increases aggregate demand B. decreases the interest rate and increases aggregate demand C. increases the interest rate and decreases aggregate demand D. decreases the interest rate and decreases aggregate demand
An economy produces 1,000,000 computers valued at $2,000 each. Households purchase 200,000 computers, of which 100,000 are imported. Businesses purchase 300,000 domestically produced computers, the government purchases 300,000 domestically produced computers, and 100,000 domestically produced computers are sold abroad. At the end of the year, the computer manufacturers hold the unsold computers in inventory. What is the value of the investment component of GDP?
A. $1.0 billion B. $0.9 billion C. $0.8 billion D. $0.6 billion
Under a flexible exchange rate system, a decrease in the value of a domestic currency in terms of foreign currencies is referred to as
A. a devaluation. B. a revaluation. C. a depreciation. D. an appreciation.