"Hydraulic fracking" has led to all of the following, except:
A. Strengthening the argument for subsidizing alternative energy sources
B. Making the U.S. a major producer of natural gas in the world
C. Making the U.S. a major oil or petroleum producer in the global market
D. Creating a heated debate over its environmental ramifications
A. Strengthening the argument for subsidizing alternative energy sources
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Economists use the term capital to describe that factor of production that includes human-made resources such as factories, buildings, machinery, and tools.
Answer the following statement true (T) or false (F)
Budget deficits are important because deficits
A) cause bank failures. B) always cause interest rates to fall. C) can result in higher rates of monetary growth. D) always cause prices to fall.
One major problem with some commodity monies is that: a. to be useful, money must be divisible
b. to be useful, money must be storable. c. to be useful, money must be of uniform quality. d. all of the above are problems with commodity monies.
When real interest rates are higher in country A than country B, there will tend to be a capital flow from country B to country A
a. True b. False Indicate whether the statement is true or false