Read the Following Scenario, and Answer the Questions Below

question 24

Multiple Choice

Read the following scenario, and answer the questions below.

Recent news of governmental approval of a new herbicide for use in the United States has sparked an outcry from environmental groups and some farmers. The groups claim that the approval violates federal law because the agency that approved the herbicide did not consult with a fellow federal agency regarding the herbicide's potential effects on the whooping crane and Indiana bat, two endangered species that will likely ingest contaminated arthropod prey.

-What federal agency is responsible for protecting endangered terrestrial species and thus should arguably have been consulted before the herbicide was approved?

• A)USFWS
• B)NOAA
• C)EPA
• D)FDA

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Definitions:

Crowding Out

A situation in economics where increased public sector spending reduces or eliminates private sector spending.

Budget Deficit

A budget deficit occurs when a government's expenditures exceed its revenues within a specified period, leading to a need for borrowing to finance the shortfall.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed.

Loanable Funds Market

The hypothetical market that illustrates the interaction between borrowers who demand loanable funds and lenders who supply loanable funds, determining the equilibrium real interest rate.