Answer the following statement(s) true (T) or false (F)

1. Pesticide reregistration refers to a reevaluation of a previously licensed pesticide that is already on the market.
2. The primary goal of the Pesticide Environmental Stewardship Program (PESP) is to regulate pesticide use.
3. FIFRA rulings require that no pesticide be sold or distributed unless it has been registered with the EPA.
4. The incremental benefits of pesticide use can be modeled as the change in consumer and producer surplus associated with an increase in the demand for an agricultural crop.
5. The first TSCA inventory was published in the 1970s.


1. True
2. False
3. True
4. False
5. True

Economics

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In one hour John can produce 20 loaves of bread or 8 cakes. In one hour Phyllis can produce 30 loaves of bread or 15 cakes. Which of the following statements is true?

A) Phyllis has a comparative advantage in producing bread. B) John has a comparative advantage in producing cakes. C) Phyllis has an absolute advantage in both goods. D) John has an absolute advantage in both goods. E) Phyllis has a comparative advantage in producing both cakes and bread.

Economics

Northeastern farmers responded to increasing western competition in the 1800s by

a. reducing grain cultivation. b. increasing production of dairy products. c. growing hay to feed city horses. d. moving to the city or the West. e. All of the above.

Economics

At the profit-maximizing quantity of output for a monopolist, average revenue, marginal revenue, and price are all equal

a. True b. False Indicate whether the statement is true or false

Economics

The present value of a dollar received n years from now equals ______, divided by ______.

Fill in the blank(s) with the appropriate word(s).

Economics