Which of the Following Is True of the Clean Air

question 71

Multiple Choice

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.

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Definitions:

Service

Economic activity where an intangible value is provided, such as healthcare, education, or entertainment, as opposed to producing a tangible product.

Substitute Goods

Products or services that can be used in place of each other. When the price of one falls, the demand for the other falls, and conversely with an increase of price.

Equilibrium Price

Equilibrium Price is the price point at which the quantity of goods supplied equals the quantity of goods demanded in a market.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market price.