Proponents of inward-oriented policies ignore the fact that natural resources are exhaustible, so their long-run market value will fall

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Economic growth solves the problem of scarcity

a. True b. False Indicate whether the statement is true or false

Economics

Which of the following is a macroeconomic question? a. What is a firm's profit-maximizing level of output? b. How will economic growth affect unemployment? c. How will a consumer maximize his utility?

d. How will a monopolist maximize his profit?

Economics

Which of the following is an asset of a central bank?

A) currency B) bonds C) reserves D) none of the above

Economics

Refer to the data. If year 1 is the first year of this nation's existence and year 4 is the present year, the public debt as a percentage of GDP in year 4 is:



Answer the question using the following budget information for a hypothetical economy. Assume that all budget surpluses are used to pay down the public debt.

A.  7.5 percent.
B.  1.39 percent.
C.  2.5 percent.
D.  3.9 percent.

Economics