Which of the following statements is not true?
A. Ozone remains a pervasive problem in the United States.
B. The United States suffers the worst air quality during winter months.
C. Since the 1980s, there has been a downward trend in ambient concentrations of sulfur dioxide, carbon monoxide, and lead in the United States.
D. Improperly dumped toxic substances can cause cancer and threaten overall health.
Answer: B
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If wages and prices are flexible and expectations are formed rationally, an increase in the money supply will cause
A) real wages to rise. B) real wages to fall. C) nominal wages to rise. D) nominal wages to fall.
The American Federation of State, County, Government and Municipal Employees is an example of a(n)
A) guild. B) craft union. C) industrial union. D) public-sector union.
If a firm is a price taker, it operates in a
a. competitive market. b. monopoly market. c. oligopoly market. d. monopolistically competitive market.
One of the key economic questions is "who consumes the products?"
Answer the following statement true (T) or false (F)