According to the textbook application, GE was ordered to dredge the Hudson River
a. because it illegally dumped chemicals into the river
b. even though its release of PCBs into that river was done legally
c. under the rulings of RCRA
d. none of the above
b. even though its release of PCBs into that river was done legally
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All of the following are incomes earned in the factor market EXCEPT
A) wages. B) prices of goods and services. C) rents. D) profits.
A budget ________ occurs when government expenditures exceed tax revenues for a particular time period
A) deficit B) surplus C) surge D) surfeit
A firm is producing output less than the output associated with the minimum point on the firm's short run average variable cost curve. At this level of output the firm uses its fixed capital input ________ and its variable labor input ________.
A. at a level higher than the lowest average cost; at a level higher than the lowest average cost B. at the lowest average cost; at the lowest average cost C. at the lowest average cost; at a level higher than the lowest average cost D. at a level higher than the lowest average cost; at the lowest average cost
In the long run the inflation rate equals the level implied by:
A. aggregate demand. B. the exchange rate. C. the rate of money growth. D. fiscal policy.