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There are a number of factors that can increase demand and affect the equilibrium level of total output and, therefore, affect the trade balance. Discuss several of these and indicate in which direction total demand would change, and in which direction the trade balance would change.
Gasoline
A refined petroleum product used primarily as fuel in internal combustion engines.
Preconstruction Review Process
A regulatory procedure undertaken before the start of construction projects to assess compliance with environmental laws, zoning regulations, and other requirements.
Clean Air Act
A federal law designed to control air pollution on a national level by regulating emissions from both stationary and mobile sources.
Major Modifications
Significant changes or alterations to a system, product, or structure, often requiring considerable work and resources.
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