Answer the following statement(s) true (T) or false (F)
1. The Water Quality Act of 1987 embodies revisions to the Clean Water Act of 1977.
2. The Coastal Zone Act Reauthorization Amendments (CZARA) addressthe development of coastal nonpoint pollution control programs.
3. In the wake of the BP Deepwater Horizon oil spill in the Gulf of Mexico, President Obama signed the Oil Pollution Control Act.
4. The Clean Water Act’s zero discharge goal was met in 1985.
5. The Clean Water Act’s no toxics in toxic amounts goal can be justified on economic grounds.
1. True
2. True
3. False
4. False
5. False
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The traditional view of monopolistic competition holds that this type of industrial structure is inefficient because
a. there are too few firms to reach an efficient level of production. b. firms do not operate at the output that minimizes average costs. c. more advertising is needed to inform customers about product differences. d. consumers do not have enough choice among the product varieties available.
The national debt
A) The year-end national debt is equal to the debt at the beginning of the year plus the deficit.. B) Grew substantially during the 2007-2009 recession. C) Is equal to total public and private debt. D) All of the above.