The precautionary principle is least likely to be applied to which of the following environmental issues?
a. Building a new road
b. Global warming
c. The approval process of a new pesticide
d. Timber harvesting in a rainforest
e. Storage of nuclear waste
Answer: a. Building a new road
Economics
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The negative slope of a production possibilities frontier is a graphic representation of opportunity cost
a. True b. False Indicate whether the statement is true or false
Economics
A market in which firms sell a homogeneous product and cannot influence market price is most likely:
A. a perfectly competitive market. B. an oligopoly. C. a monopolistically competitive market. D. a monopoly market.
Economics