In Babbitt v. Sweet Home, involving logging of areas where the spotted owl nested, the Supreme Court held that the Endangered Species Act:
a. only applies to the killing or injuries of endangered species
b. only applied to the killing, injuring, or removing of endangered species
c. requires cost-benefit calculation when restrictions on economic activity are proposed to save a specie d. gave authority to regulate endangered species to the EPA, not the Department of Interior
e. none of the other choices
Question 2
An investor who is presumed sophisticated and wealthy enough to evaluate investment opportunities without an SEC-approved prospectus is known as a:
a. legitimate investor
b. knowledgeable investor c. reasonable investor
d. real investor
e. none of the other choices are correct
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