Standards set to control air toxics in the United States
a. are known as the NAAQS
b. are the same as those set for greenhouse gases
c. are intended to attain the maximum reduction for each toxic achievable, known as MACT
d. are solely benefit-based
c. are intended to attain the maximum reduction for each toxic achievable, known as MACT
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________ refers to any factor that keeps the market wage above the level that would clear the labor market
A) Wage discrimination B) Price ceiling C) Wage rigidity D) Wage stability
In the simple circular flow model containing just households and business firms, all income is received by households in exchange for
A) consumer expenditures. B) wages. C) labor services. D) product.
Graphically, a market demand curve is found by
A) taking the average of all prices that people are willing to pay. B) summing the quantities demanded by all individuals at each price. C) summing the prices each consumer would pay for each quantity. D) taking the average of the individual demand curves.
In real life, people's behavior is constrained by:
A. laws of nature. B. legislated rules of society. C. costs of various actions. D. All of these are rules that constrain people's behavior.