Which of the following is false?
a. A resource is anything that can be used to produce anything else we value.
b. Resources are costly because they have alternative uses
c. Losses mean resources are not being used efficiently.
d. None of the above is false; all are true.
Answer: d. None of the above is false; all are true.
You might also like to view...
How are deficit and surplus items determined in the balance of payments?
What will be an ideal response?
Some environmentalists argue that we should protect the environment as much as possible, regardless of cost. Which of the following is not a likely outcome of pursuing such a course of action?
a. lower levels of nutrition, health care, and housing b. a lower standard of living c. slowing or reversing technological advancement d. the elimination of all pollution
Discuss the criticisms leveled against the Aid to Families with Dependent Children program.
What will be an ideal response?
In the year ____, our President announced that we would no longer redeem dollars for gold.
Fill in the blank(s) with the appropriate word(s).