One of the two criteria for a resource to be considered as a natural resource is that it must:
A) have been produced.
B) be found in nature.
C) be part of a factory or building.
D) not be used to produce goods and services.
Ans: B) be found in nature.
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The CPI was 170 last year and is 190 this year. What is the inflation rate between these two years?
A) 20 percent B) 11.8 percent C) 18 percent D) 15.0 percent E) 10.5 percent
A person will choose to buy a good as long as
A) marginal benefit is at least as great as price. B) consumer surplus is positive. C) marginal benefit is positive. D) consumer surplus is at least as great as price.
GDP measures the output produced within a nation's borders
a. True b. False
The international agreement that was aimed specifically at ozone depletion is the
a. Kyoto Protocol b. Montreal Protocol c. Rio Declaration d. London Convention 1972