The Clean Air Acts of 1970 and 1990 used command-and-control regulatory standards to reduce air pollution.
Answer the following statement true (T) or false (F)
True
The Clean Air Acts of 1970 and 1990 mandated not only fewer auto emissions but also specific processes such as catalytic converters and lead-free gasoline for attaining them, which are command-and-control regulatory standards.
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Drawbacks to using the establishment survey to calculate unemployment include all of the following except
A) the survey does not include information on self-employed persons. B) the survey may not include employment data at newly-opened firms. C) the survey provides no information on unemployment. D) the survey only includes data on full-time employees.
Suppose Chip's Chips produces bags of potato chips. An example of a variable cost for this firm would be:
A. the potato peeling machine. B. the factory building. C. the deep fryer. D. None of these is an example of a variable cost.
Assuming there is no government or foreign sector, the economy will be in equilibrium if, and only if, planned investment equals actual investment.
Answer the following statement true (T) or false (F)
An increase in the value of the dollar will __________ exports and __________ imports.
Fill in the blank(s) with the appropriate word(s).