When a resource is being depleted and becomes scarce, the market's way of encouraging conservation is for the price of the resource to rise, without any government intervention
a. True
b. False
Indicate whether the statement is true or false
True
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Using an example, explain the difference between a labor-intensive technology and a capital-intensive technology
What will be an ideal response?
Indicate below the activity that the IMF is not involved in
A) financing countries' BOP deficits through temporary loans B) overseeing exchange rate policies C) monitoring BOP imbalances D) issuing a composite currency called ECU
Using the DD model, explain what happens to out put when Government demands increase. Use a figure to explain when it is taking place
What will be an ideal response?
Domestic currency appreciation will:
A) help domestic firms that export and hurt domestic firms that import. B) hurt domestic firms that import. C) hurt domestic firms that export and help domestic firms that import. D) help domestic firms that export.