Suppose Over the Last Year That the Price of Recycled

question 392

Multiple Choice

Suppose over the last year that the price of recycled aluminum increased from $800 a ton to $900 a ton. Over the same time a measure of the overall price level increased from 120 to 130. The price of recycled aluminum increased by

• A)less than inflation, but this doesn't necessarily mean it became scarcer.
• B)less than inflation, and this means it became scarcer.
• C)more than inflation, and this means it became scarcer.
• D)more than inflation, but this doesn't necessarily mean that it become scarcer.

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Definitions:

Risk Assessment

The process of identifying, analyzing, and evaluating risks associated with a specific situation or recognized threat.

Commercial Chemicals

Chemical substances used in manufacturing processes or sold for industrial or professional use.

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A substance that contaminates the environment on a national scale, often regulated by government agencies due to its harmful effects.

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Authorizations issued by environmental regulatory agencies allowing the release of specific pollutants into the environment, under defined conditions.