Iron ore would be considered a
A. sustainable natural resource.
B. limited natural resource.
C. renewable natural resource.
D. sequestered natural resource.
Answer: B
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Suppose the intersection of the IS and LM curves is to the left of the FE line. A decrease in the price level would most likely eliminate a disequilibrium among the asset, labor, and goods markets by
A) shifting the LM curve down and to the right. B) shifting the IS curve up and to the right. C) shifting the IS curve down and to the left. D) shifting the FE curve to the left.
Which of the following will the FTC probably support?
a. a merger that makes entering a market more difficult b. a merger that lowers competition in an industry c. a merger that leads to greater market concentration d. a merger that leads to lower prices for consumers
An industry with Herfindahl-Hershman Index of 1,000 would best be described as
A. oligopoly. B. monopoly. C. monopolistic competition. D. perfect competition.
Studies have shown that smoking cigarettes can cause heart disease. Assume this is true, and favorable weather has increased the tobacco harvest in North Carolina. In the market for cigarettes, these two developments would
A) decrease demand and decrease supply, resulting in an increase in the equilibrium quantity and a decrease in the equilibrium price of cigarettes. B) increase demand and increase supply resulting in an increase in the equilibrium quantity and an uncertain effect on the equilibrium price of cigarettes. C) decrease demand and increase supply, resulting in a decrease in the equilibrium price and an uncertain effect on the equilibrium quantity of cigarettes. D) decrease demand and increase supply, resulting in an increase in both the equilibrium price and the equilibrium quantity of cigarettes.