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

Economics

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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?

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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

Economics

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?

Economics

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.

Economics