The major difference between natural resources and capital is that the former refers to naturally occurring resources whereas the latter refers to produced resources.
a. true
b. false
Ans: a. true
You might also like to view...
The following data relate to the supply schedule of a product.PriceQuantity Supplied$51001020015250203002535030500Using the regular percentage change formula, what is the price elasticity of supply when price decreases from $10 to $5?
A. 0.2 B. 0.5 C. 0.6 D. 1
The Fed's tools are also known as
A) goals. B) intermediate targets. C) instruments. D) derivatives.
Intangible assets like stocks and bonds were created by U.S. industrial firms and traded elsewhere for capital funds. This activity eventually gave rise to investment banking
Indicate whether the statement is true or false
Which trend is shown in this graph?
a. The real GDP per capita decreases from 1975 to 1983.
b. The real GDP per capita remains constant from 1969 to 1975.
c. The real GDP per capita increases from 2007 to 2009.
d. The real GDP per capita sharply increases from 1983 to 1991.