What is new about environmental problems today is
A. that for the first time in history, we have environmental problems.
B. the increased rate at which air and water pollution is occurring in the United States.
C. the amount of attention the community now gives them.
D. that environmental problems with pollution and garbage disposal have almost completely disappeared.
Answer: C
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Under what circumstances will the economic rent earned by a factor of production always be zero?
A) Infinitely inelastic supply curve B) Infinitely elastic supply curve C) Somewhat inelastic supply curve D) Elastic demand curve
Answer the following questions true (T) or false (F)
1. Monetary policy is conducted by the U.S. Treasury Department. 2. Maintaining a strong dollar in international currency markets is not one of the four monetary policy goals of the Fed listed in the textbook. 3. The Fed can directly lower the inflation rate.