Accounting
Anthropology
Archaeology
Art History
Banking
Biology & Life Science
Business
Business Communication
Business Development
Business Ethics
Business Law
Chemistry
Communication
Computer Science
Counseling
Criminal Law
Curriculum & Instruction
Design
Earth Science
Economic
Education
Engineering
Finance
History & Theory
Humanities
Human Resource
International Business
Investments & Securities
Journalism
Law
Management
Marketing
Medicine
Medicine & Health Science
Nursing
Philosophy
Physic
Psychology
Real Estate
Science
Social Science
Sociology
Special Education
Speech
Visual Arts
Questions
Q:
The Superfund, which is administered by the EPA, gives the federal government a mandate to ________.
A) establish marine sanctuaries in ocean waters as far seaward as the edge of the continental shelf
B) impose fines on buildings and offices that cause harm to their occupants due to indoor air pollution
C) clean up hazardous wastes that have been spilled, stored, or abandoned
D) set standards on the toxic substances that can be used or sold
Q:
The ________ Act provides for the creation of a government fund to finance the cleanup of hazardous waste sites.
A) Resource Conservation and Recovery
B) Toxic Substances Control
C) Comprehensive Environmental Response, Compensation, and Liability
D) National Environmental Policy
Q:
The remains of the process by which nuclear power is generated in a reactor are most likely to be classified as ________.
A) composite wastes
B) inert elements
C) pesticides
D) hazardous wastes
Q:
The ________ is a federal statute that authorizes the EPA to regulate facilities that generate, treat, store, transport, and dispose of hazardous wastes.
A) Resource Conservation and Recovery Act (RCRA)
B) Clean Water Act
C) Toxic Substances Control Act
D) Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)
Q:
Marginal physical product of the first worker is 100, 120 for the second, 80 for the third, 30 for the fourth, 5 for the fifth, 3 for the sixth, 2 for the seventh, 1 for the eighth, and 0 for the ninth. What is total product for the fifth worker and the ninth worker respectively?A) 335; 341 B) 335; 0 C) 5; 0 D) 0; 5
Q:
Which of the following is true of the Insecticide, Fungicide, and Rodenticide Act?
A) It only allows pesticides manufactured by the U.S. government to be sold.
B) It requires all pesticides to be registered with the EPA.
C) It cannot suspend the registration of an already registered pesticide.
D) It allows unregistered pesticides to be sold only with close monitoring by the EPA.
Q:
Which of the following is true of the EPA standards set for toxic substances?
A) They are set with an aim to test new chemicals and determine their effects on human health and environment.
B) They are set based on the recommendation of business owners affected by the pollution.
C) They require the EPA to identify all chemicals based on national ambient air quality standards (NAAQS).
D) They require a complete ban on all toxic substances.
Q:
Describe two federal laws that have been implemented to minimize the damage caused by oil spills.
Q:
What are the measures taken to protect wetlands in the United States?
Q:
The most common form of business organization in the United States is theA) proprietorship.B) partnership. C) corporation. D) cooperative.
Q:
The Clean Water Act forbids the filling or dredging of navigable waters and qualified wetlands unless a permit has been obtained from the ________.
Q:
The ________ Act authorizes the U.S. government to clean up oil spills and spills of other hazardous substances in ocean waters within 12 miles of the shore and on the continental shelf and to recover the cleanup costs from responsible parties.
Q:
________ are defined as areas that are inundated or saturated by surface water or groundwater that support vegetation typically adapted for life in saturated soil conditions.
Q:
Holding all other prices and money income constant, if the price of food rises, then the consumer will adjust her expenditures andA) reach an optimum on a higher indifference curve. B) reach an optimum on a lower indifference curve. C) reach an optimum on the same indifference curve. D) her level of satisfaction may go up or down.
Q:
The sources of water pollution that are fixed and stationary are known as ________ sources of water pollution.
Q:
In 1948, Congress enacted the ________ Act to regulate water pollution. This act has been amended several times. As amended, it is simply referred to as the Clean Water Act.
Q:
The Oil Pollution Act authorizes the U.S. government to clean up oil spills and spills of other hazardous substances in ocean waters within 12 miles of the shore.
Q:
The Marine Protection, Research, and Sanctuaries Act strictly prohibits, without exception, the dumping of wastes and other foreign materials into ocean waters; as a result, dumping permits are not available.
Q:
The consumer optimum is the set of goods and services, subject to the limited income of the consumer, thatA) the consumer can afford to buy.B) is characterized by zero marginal utility on each good and service.C) maximizes the level of satisfaction for each consumer. D) is characterized by increasing marginal utility.
Q:
The Marine Protection, Research, and Sanctuaries Act, enacted in 1972, extends environmental protection to the oceans.
Q:
The Clear Water Act authorizes the EPA to establish national primary drinking water standards.
Q:
The filling or dredging of navigable waters and qualified wetlands is prohibited unless a permit has been obtained from the Army Corps of Engineers.
Q:
Sources of thermal pollution are subject to the provisions of the Clean Water Act and the regulations adopted by the EPA.
Q:
Use the above figure. Which graph depicts a normal good?A) A B) B C) C D) D
Q:
Point sources are sources of pollution that are fixed and stationary.
Q:
Point source dischargers of pollutants are required to maintain monitoring equipment, keep samples of discharges, and keep records.
Q:
The federal government is primarily responsible for the implementation of the Clean Water Act in all states.
Q:
Price elasticities are calculated for four goods, and the values are: 4.1; 3.7; 1.0; 0.002. Which price elasticity is most elastic?A) 4.1 B) 3.7 C) 1.0 D) 0.002
Q:
The Federal Water Pollution Control Act, enacted by the Congress in 1948, continues to be applied across the United States in its original form, without amendments.
Q:
One of the features of the Marine Protection, Research, and Sanctuaries Act is that it ________.
A) requires the oil industry to adopt procedures and contingency plans to readily respond to and clean up oil spills
B) requires a permit for dumping wastes and other foreign materials into ocean waters
C) requires a tanker owner-operator to prove that it is fully insured to cover any liability
that may occur from an oil spill
D) issues permits for the discharge of dredged or fill material into navigable waters and qualified wetlands
Q:
The U.S. Coast Guard administers the Oil Pollution Act, which requires the oil industry to ________.
A) obtain a permit for dumping wastes and other foreign materials into ocean waters
B) implement measures to avoid the dumping of wastes into wells used for drinking water
C) adopt procedures and contingency plans to readily respond to and clean up oil spills
D) establish marine sanctuaries in ocean waters as far seaward as the edge of the continental shelf
Q:
The ________ authorizes the U.S. government to clean up oil spills and spills of other hazardous substances in ocean waters within 12 miles of the shore and on the continental shelf and to recover the cleanup costs from responsible parties.
A) Clean Water Act
B) Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)
C) Federal Water Pollution Control Act (FWPCA)
D) Marine Protection, Research, and Sanctuaries Act
Q:
Which of the following is NOT an example of common property?A) a trampoline B) air C) gravity D) sunshine
Q:
Which of the following is a federal statute that extends limited environmental protection to the oceans?
A) the Safe Drinking Water Act
B) the Marine Protection, Research, and Sanctuaries Act
C) the Federal Water Pollution Control Act (FWPCA)
D) the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)
Q:
The ________ is a federal statute that authorizes the EPA to establish national primary drinking water standards.
A) Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)
B) Federal Water Pollution Control Act (FWPCA)
C) Clean Water Act
D) Safe Drinking Water Act
Q:
Which of the following actions is prohibited under the Clean Water Act?
A) the inhabitation of inland areas in the vicinity of wetlands and marshes
B) the chemical treatment of wastes to reduce toxicity before discharge into wetlands
C) the construction of residences by filling qualified wetlands
D) the creation of artificial lakes and waterways for recreation
Q:
The Clean Water Act forbids the filling or dredging of navigable waters and qualified wetlands unless a permit has been obtained from the ________.
A) Ministry of Environmental Protection (MEP)
B) U.S. Army Corps of Engineers (USACE)
C) Environmental Protection Agency (EPA)
D) Nuclear Regulatory Commission (NRC)
Q:
Government agencies to which the national health care program assigns the task of assisting individuals, families, and small businesses in identifying health insurance policies to purchase are known asA) health care exchanges. B) markets for health care.C) health insurance regulations. D) health insurance mandates.
Q:
Areas that are inundated or saturated by surface water or groundwater that support vegetation typically adapted for life in such conditions are called ________.
A) marine reefs
B) aquifers
C) wetlands
D) reservoirs
Q:
The process by which heated water or material is discharged into waterways, upsetting the water's ecological balance and decreasing its oxygen content as a result, is defined as ________.
A) land pollution
B) radioactive pollution
C) air pollution
D) thermal pollution
Q:
AMS, Inc. is a factory located in Norfolk, Virginia that uses chemicals like lead and arsenic in its production process. It discharges the waste products associated with its manufacturing process into the Atlantic Ocean. From the information provided, it can be inferred that ________.
A) AMS, Inc. is an electrical goods manufacturing company
B) AMS, Inc. is using radioactive materials in its production process
C) AMS, Inc. is likely to face corrective action by the U.S. Army Corps of Engineers
D) AMS, Inc. is a fixed and stationary source of pollution
Q:
Refer to the above figure. For which Lorenz curve does the richest 25 percent make 50 percent of the nationʹs money income?A) A B) B C) C D) D
Q:
________ is/are primarily responsible for enforcing the provisions of the Clean Water Act.
A) The federal government
B) Independent agencies
C) State governments
D) Nonprofit organizations
Q:
Which of the following federal administrative agencies enacts the Clean Water Act?
A) the Environmental Investigation Agency (EIA)
B) the Environmental Protection Agency (EPA)
C) the Ministry of Environmental Protection (MEP)
D) the Association of Environmental Professionals (AEP)
Q:
Explain the nature and enforcement of national ambient air quality standards (NAAQS).
Q:
The Clean Air Act directs the EPA to establish ________ standards for certain pollutants. These standards are set at two different levels: primary—to protect human beings, and secondary—to protect vegetation, matter, climate, visibility, and economic values.
Q:
A labor union composed of workers in the same industry is calledA) a craft union. B) an industrial union.C) a company shop. D) a guild.
Q:
The ________ Act requires states to identify major stationary sources of air pollution and develop plans to reduce air pollution from these sources.
Q:
Indoor air pollution is primarily caused by toxic fumes from industrial plants located in cities.
Q:
According to the Environmental Protection Agency (EPA), the air inside a building is typically the safest, as it is free from pollution.
Q:
The EPA can prohibit the construction of a new industrial plant that causes pollution in a state that is a nonattainment area.
Q:
In the above figure, the competitive firm will employ the quantity of laborA) equal to Lc. B) equal to Lb.C) less than Lb. D) greater than Lc
Q:
A nonattainment area is classified into one of five categories: marginal, moderate, serious, severe, or extreme.
Q:
Regions that do not meet air quality standards are designated as air quality control regions.
Q:
Each state is required to prepare a state implementation plan (SIP) that sets out how the state plans to meet the federal pollutant standards.
Q:
All of the following are exempted from antitrust laws EXCEPTA) labor unions. B) Microsoft Windows. C) professional baseball. D) hospitals.
Q:
The right to enforce air pollution standards is an exclusive prerogative of the federal government.
Q:
Human beings are protected by the secondary level of the NAAQS.
Q:
The primary level of the NAAQS protects vegetation.
Q:
The pollutant standards under the national ambient air quality standards (NAAQS) are set at primary and secondary levels.
Q:
One key purpose of economic regulation is
A) to force a firm to produce at the point at which marginal cost equals marginal revenue.
B) to control the quality of service provided by a monopolist.
C) to control the price that regulated enterprises are allowed to charge.
D) to focus on the impact of production on the environment and society, the working conditions under which goods and services are produced, and sometimes the physical attributes of goods.
Q:
The Clean Air Act authorizes the EPA to regulate air pollution caused by fuel and fuel additives.
Q:
The Clean Air Act does not apply to stationary sources of pollution.
Q:
Oil refineries are an example of stationary sources of air pollution.
Q:
Which of the following is a federal sanction imposed on states that fail to meet air quality standards?
A) an increase in personal property taxes on state residents
B) a decrease in federal funding of the state's public school system
C) a limitation on the development of new pollution sources within the state
D) a reduction in congressional membership (for example, one less state representative in the U.S. House of Representatives)
Q:
There are fewer than half as many publishers of college textbooks in the United States now as a generation ago. Three companies alone account for almost two -thirds of the sale of new textbooks. This market situation characterized by very few sellers is known asA) an oligopoly. B) perfect competition.C) pure monopoly. D) monopolistic competition.
Q:
Which of the following is a primary cause of sick building syndrome in the United States?
A) a large number of outdoor ducts
B) unsealed windows
C) a thinly insulated building
D) hazardous construction materials
Q:
Which of the following measures is most likely to reduce indoor air pollution in an office building?
A) complete air conditioning with sealed windows
B) heavy insulation
C) the closure of all air ducts
D) a prohibition on copy machines
Q:
In a survey of the nonattainment areas in a state, the state air pollution regulatory authority found Region 3 to be the region that exceeded the ozone standard by the largest margin, far exceeding the air pollution levels in all other regions of the state. Region 3 is most likely to be categorized as a(n) ________ nonattainment area.
A) atypical
B) extreme
C) marginal
D) serious
Q:
Refer to the above figure. This firm is operating in theA) long run since economic profits are greater than zero.B) long run since economic profits are less than zero.C) short run since economic profits are greater than zero.D) short run since economic profits are less than zero.
Q:
A geographical area that does not meet established air quality standards is designated as a ________.
A) limited pollution area
B) nonattainment area
C) non-regulated area
D) federal regulation area
Q:
Which of the following is true of national ambient air quality standards (NAAQS)?
A) The federal government has the right to enforce NAAQS if the states fail to do so.
B) State governments are responsible for setting standards for air quality in their respective states.
C) Human beings are protected under the secondary level of NAAQS.
D) Only standards for oxides of elements and particulate matter are evaluated under NAAQS.
Q:
Each state is required to prepare a ________ that sets out how the state plans to meet the federal standards set by NAAQS.
A) strategic environmental assessment (SEA)
B) comprehensive protection assessment (CPA)
C) state assessment plan (SAP)
D) state implementation plan (SIP)
Q:
Which of the following statements is true of national ambient air quality standards (NAAQS)?
A) They divide pollutants into five categories based exclusively on the risks the pollutants pose to human beings.
B) They are set at two different levels: primary and secondary.
C) They apply to all sources of pollution.
D) They are administered exclusively by the federal government.
Q:
According to the above figure, the profit-maximizing output for this monopolist is found directly below the letterA) K. B) M. C) P. D) N.
Q:
The primary level of national ambient air quality standards (NAAQS) protects ________.
A) flora
B) human beings
C) water bodies
D) climate
Q:
Which of the following is true of the Clean Air Act?
A) It is the only major state law regulating air pollution in the United States.
B) It fails to include the air pollution caused by fuel and fuel additives in its purview.
C) It is only concerned with stationary sources of air pollution.
D) It requires air pollution controls to be installed on motor vehicles.
Q:
Which of the following would be considered a stationary source of air pollution?
A) aircrafts
B) oil rigs
C) cargo ships
D) automobiles
Q:
Describe the purpose and requirements of an environmental impact statement (EIS).
Q:
Which of the following statements is FALSE?A) An unregulated, profit-maximizing monopolist will not operate in the inelastic portion of the demand curve.B) The marginal revenue earned by a monopolist will always be less than the productʹs price. C) Typically there are numerous very close substitutes for the product of a monopolist.D) For a profit-maximizing monopolist, marginal revenue equals marginal cost.