Which of the following statements is true?
a. The quantity of natural resources per worker can influence productivity.
b. Technological knowledge and human capital are closely related.
c. Over long periods of time, the prices of most natural resources are stable or falling, relative to other prices.
d. All of the above are correct.
d
You might also like to view...
If the government imposes a tax on a competitive market with no externalities, then i. resource use is not efficient. ii. there is a deadweight loss. iii. consumer surplus is at its maximum
A) ii only B) i and ii C) iii only D) i and iii E) i, ii, and iii
A contractionary monetary policy shifts the LM curve to the ________, reducing ________, everything else held constant
A) left; output and increasing interest rates B) left; both real output and interest rates C) right; both interest rates and real output D) right; interest rates and increasing real output
Historically, price discrimination was aggressive behavior exhibited by whom? The
(a) monopolist (b) mom and pop business person (c) manager of a large group of industrial workers (d) corporation
Trevor's Tire Company produced and sold 500 tires. The average cost of production per tire was $50 . Each tire sold for a price of $65 . Trevor's Tire Company's total profits are
a. $7,500. b. $25,000. c. $32,500. d. $67,500.