The purpose of the network of air quality monitoring stations across the United States is

a. to monitor compliance with National Ambient Air Quality Standards.
b. to monitor compliance with the National Emissions Inventory.
c. to monitor compliance with the Environmental Protection Agency.
d. to monitor compliance with the Air Quality Index.
e. to impose environmental responsibility on business and industry.
f. None of the above.

Answer: a. to monitor compliance with National Ambient Air Quality Standards.

Economics

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A system of barter has substantial transactions costs because

A) taxes under such a system are generally a large fraction of the value of output. B) traders must spend considerable time searching for trading partners. C) the uncertainties of trade result in high legal fees being incurred to draw up binding contracts. D) the uncertainties of trade result in high insurance premiums.

Economics

The reasons why a competitive firm's short-run supply curve is upward sloping are

A) the law of diminishing marginal returns and profit maximization. B) constant returns to scale and profit maximization. C) decreasing returns to scale and profit maximization. D) Both B and C.

Economics