Answer the following statement(s) true (T) or false (F)
1. The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) was passed in the 1970s.
2. Registration of new pesticides and reregistration of those already on the market are the chief instruments of FIFRA.
3. The Food Quality Protection Act (FQPA) amended FIFRA and TSCA.
4. Pesticide registration results in a formal listing with the EPA that is based on benefit-cost analysis.
5. Legal limits on how much of a pesticide residue can remain on raw or processed food are known as pesticide tolerances.
1. False
2. True
3. False
4. False
5. True
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The ceteris paribus assumption is a behavioral assumption.
a. True b. False
Which of the following will NOT be true if the antitrust laws are successful?
A) Producers will earn zero economic profits in the long-run. B) Firms will not restrict output. C) Firms will produce the competitive output. D) Firms will produce the quantity at which marginal cost equals marginal revenue and charge a price that is greater than marginal cost.
Supply chain management is a recent development in organizational structure
Indicate whether the statement is true or false
The federal funds rate is
A. the interest rate banks charge the federal government. B. the interest rate on short-term loans of reserves from one bank to another. C. the interest rate banks charge their most credit-worthy customers. D. the interest rate on federal government bonds.