Answer the following statement(s) true (T) or false (F)
1. Water quality policy recognizes two major categories of water resources -- surface water and groundwater.
2. An aquifer refers to any water body exposed to the atmosphere.
3. Groundwater and surface waters are about equal in volume.
4. The interdependence of all water resources is explained by the hydrologic cycle.
5. Environmental threats to surface water have no connection to groundwater contamination.
1. True
2. False
3. False
4. True
5. False
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Why is NAFTA controversial? Briefly describe both sides of this controversy
What will be an ideal response?
Total utility can be calculated as the
a. difference between all marginal utilities b. price paid for one good c. sum of all marginal utilities d. total expenditure on all units of the good the consumer buys e. difference between the marginal utilities of the first and last units
Unions have had an impact on U.S. firms by supporting all of the following types of legislation except
A. Health and education programs. B. Civil rights legislation. C. National security laws. D. Minimum wage laws.
Refer to the above figure. If a price floor of $5 was set
A. there would be a shortage of 40 units. B. there would be a shortage of 20 units. C. there would be a surplus of 40 units. D. the quantity sold would be 80 units.