Answer the following statement(s) true (T) or false (F)
1. China’s acid rain problem is relatively minor because it is among the lowest consumers of coal in the world.
2. Stationary source emissions are controlled primarily through the use of technology-based standards.
3. Emissions limits applicable to new and modified stationary sources are known as New Source Performance Standards (NSPS).
4. Emissions limits used for nonattainment areas are more stringent than those used for PSD areas.
5. Technology-based standards used to control new sources are more lenient than those used to control existing stationary sources.
1. False
2. True
3. True
4. False
5. False
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Planned aggregate expenditure is equal to
A) consumption spending plus planned investment spending. B) consumption spending plus planned investment spending plus government purchases plus net exports. C) planned investment spending only. D) consumption spending only.
Developing countries are starting to converge with developed countries in the long run in what respect?
a. Growth rate b. Income inequality c. Population d. Per capita income
The balance of payments improves
A) when there is an exchange rate appreciation. B) when there is an exchange rate depreciation. C) when the interest rate rises. D) never.
Which of the following is NOT a club good?
A) cable television B) a rock concert C) a country club D) a baseball bat