Giving states control of nonpoint source pollution
a. has no advantages
b. can be problematic because states generally have inadequate data to assess the problem
c. is advantageous because it results in greater consistency of control
d. was not the original intent of the 1987 legislation
b. can be problematic because states generally have inadequate data to assess the problem
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Even when transactions are facilitated with money, imports are paid for by exports
Indicate whether the statement is true or false
The expected inflation rate is equal to the actual inflation rate. According to the (Friedman) natural rate theory, the economy is
A) in a recessionary gap. B) in an inflationary gap. C) at a point on the short-run Phillips curve, but not on the long-run Phillips curve. D) biased toward producing a higher percentage of services than goods. E) producing Natural Real GDP.
Of the 10% of the U.S. work force with advanced (Master's, other professional, and Ph.D.) degrees, the share of those who are foreign born is:
a. more than 50%. b. between 16 and 40%. c. less than 15%. d. less than 5%.
According to the text, economists consider full employment to occur when
A) everyone who wants a job has a job. B) frictional unemployment equals zero. C) the sum of frictional unemployment and structural unemployment equals zero. D) the unemployment rate consists of only frictional and structural unemployment.