Use designation for a water body
a. gives the biological and chemical water attributes to meet water quality standards
b. is one of two components of receiving water quality standards
c. identifies the intended purposes of a water body
d. all of the above
e. (b) and (c) only
e. (b) and (c) only
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Expenditure switching refers to
A) a switching back and forth between investment and consumption expenditures. B) a switching back and forth between domestic and foreign goods in response to changes in the exchange rate. C) a switching back and forth between domestic and foreign goods in response to changes in the interest rate. D) a switching of back and forth in the current account from a deficit to a surplus and vice versa. E) All of the above.
Which one of the following would count as investment in the national income accounts?
a. buying a U.S. government bond b. buying 100 shares of Wal-Mart stock c. buying an existing house d. a freight-hauling firm buying a new domestically produced truck
Suppose that an employer can hire workers with brown hair and workers with blonde hair. Each type of worker has the same productivity. Which of the following is correct if the employer discriminates by hiring only workers with brown hair?
a. The employer will be just as efficient as a nondiscriminating employer. b. The employer will face higher costs than firms that focus only on maximizing profits. c. The employer will immediately go out of business because discrimination is illegal. d. The employer will face union strikes.
Which of the following is an important aspect of rational self-interest?
a. considering future costs b. considering past costs c. considering future causes d. considering past causes