Pollution problems are usually cases of good versus evil
Indicate whether the statement is true or false
FALSE
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Which of the following is true of the typical relationship between marginal product (MP) and average product (AP)?
A) If MP is greater than AP, then AP is falling. B) The AP curve intersects the MP curve at minimum MP. C) The MP curve intersects the AP curve at maximum AP. D) If MP is less than AP, then AP is increasing.
On the graph above, consider a point A on the aggregate demand curve and above the aggregate supply curve. At this point, ________
A) quantity demanded equals output, but the inflation rate will fall, so output will rise B) quantity demanded is greater than quantity supplied, so the inflation rate will rise C) output is greater than the quantity demanded, so output will fall D) the aggregate demand curve will shift to the right until quantity demanded is equal to quantity supplied E) none of the above
The Toxics Release Inventory (TRI)
a. is a national database providing information about hazardous releases b. provides information on hazardous substances solely to government officials c. is no longer maintained and reported to the public d. provides an annual list of the parties responsible for hazardous releases
Which of the following statements is correct, when the exchange rate changes from €2/$ to €1.5/$?
a. The euro (€) depreciates. b. The dollar ($) appreciates. c. Both the euro and the dollar appreciate. d. Both the euro and the dollar depreciate. e. The euro appreciates and the dollar depreciates.