Currently, about what percentage of U.S. metals consumption comes from recycled scrap?
a. 95%
b. 65%
c. 50%
d. 30%
e. 5%
Ans: b. 65%
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Which of the following is true of welfare states?
A) Resources are not equally distributed in a welfare state. B) Resources are efficiently allocated in a welfare state. C) A welfare state entails a huge cost on the society. D) A welfare state usually has a regressive tax system.
People find it difficult to get along without necessities, therefore demand for necessities:
A. Is relatively elastic. B. Is relatively inelastic. C. Is relatively unitary elastic. D. Does not change with changes in price.
Refer to the information provided in Figure 28.3 below to answer the question(s) that follow.
Figure 28.3Refer to Figure 28.3. In an attempt to increase worker productivity, this firm would pay wages ________ per hour.
A. of $10 B. > $10 C. of $8 D. < $8
As the level of disposable income rises and we get to the right of where the C line crosses the 45-degree line, the APC changes from ____________ to ___________.
Fill in the blank(s) with the appropriate word(s).