When calculating the costs of environmental cleanup, what factors should be taken into consideration?
What will be an ideal response?
For a specific environmental cleanup project, you want to weigh the marginal costs of the project against the marginal benefits. The costs of cleanup can include job losses, costly equipment upgrades, less output, and higher consumer prices. However, if we compare the total cost of cleanup with the size of the U.S. economy, the costs seem more feasible.
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As output increases, average fixed cost
A) always decreases. B) increases, then decreases. C) decreases, then increases. D) remains constant.
Which of the following will shift the consumption function upward?
a. A lower interest rate b. An increase in the interest rate c. An increase in disposable income d. A decrease in disposable income e. Expectations of lower prices in the future
Answer the following statement(s) true (T) or false (F)
1. The technology-based effluent limitations are actually performance-based standards. 2. All point sources are subject to effluent limitations, which are imposed uniformly within each designated group. 3. The National Pollutant Discharge Elimination System (NPDES) is a permitting system solely for publicly owned treatment works (POTWs). 4. An advantage of the effluent limitations is that they are aligned with the national water quality objectives. 5. If the effluent limitations are insufficient for a water body, that water body is considered to be “water quality limited,” requiring more stringent controls called total maximum daily loads (TMDLs).
Liquidity refers to
a. the relation between the price and interest rate of an asset. b. the risk of an asset relative to its selling price. c. the ease with which an asset is converted into a medium of exchange. d. the sensitivity of investment spending to changes in the interest rate.