Kevin operates his business from a small shop located next to an abandoned gas station. He is concerned that the gas station’s underground storage tank is in danger of rupturing. If this occurs, hazardous chemical substances will spill into the local drinking water.
Unable to locate any of the gas station’s three owners, Kevin files a petition with the Environmental Protection Agency (or "EPA") requesting that the EPA inspect the gas station as called for by the Comprehensive Environmental Response, Compensation, and Liability Act (or "CERCLA"). Kevin’s petition is granted, and the EPA determines that a potentially hazardous situation does exist at the gas station.
Required:
(a) What type of clean-up action will the EPA likely determine is appropriate?
(b) If the EPA fails to clean-up the gas station, can Kevin be compensated for any expenses he incurs by cleaning-up the gas station himself?(c) If Kevin is able to locate one of the gas station’s three owners, how much of the cleaning expense can Kevin recover from this one owner?

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; normative economics;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.