When I buy an $12.00 movie ticket rather than two paperback books, the opportunity cost of going to the movie is the two paperback books I did not buy
Indicate whether the statement is true or false
TRUE
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The natural rate of unemployment:
A) is a constant. B) is the average of the unemployment rate in a country over time. C) is determined by adding the unemployment rates in all countries and then dividing it by the number of countries. D) is always lesser than the level of cyclical unemployment in an economy.
Answer the following statement(s) true (T) or false (F)
1. The Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) was passed in the 1970s. 2. Registration of new pesticides and reregistration of those already on the market are the chief instruments of FIFRA. 3. The Food Quality Protection Act (FQPA) amended FIFRA and TSCA. 4. Pesticide registration results in a formal listing with the EPA that is based on benefit-cost analysis. 5. Legal limits on how much of a pesticide residue can remain on raw or processed food are known as pesticide tolerances.