This agency develops and enforces environmental standards for air, water, toxic waste, and noise.
A. Environmental Protection Agency
B. Consumer Product Safety Commission
C. Equal Employment Opportunity Commission
D. Occupational Safety and Health Administration
Answer: A
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Revenue for the state governments in the United States comes primarily from income taxes
a. True b. False
If the demand for a good increases because consumer income increases, the good is a(n):
a. inferior good. b. normal good. c. necessity good. d. luxury good.
Fiat money
A) has no or very little value except as money. B) is rarely used in modern economies. C) functions well only if can be redeemed for gold or other precious metals. D) serves well as a medium of exchange, but not as a store of value.
Pakistan has developed a comparative advantage in the production of clothing. The source of its comparative advantage in this product is
A) a favorable climate. B) technology. C) abundant supplies of natural resources. D) a large supply of unskilled workers.