Trees are considered:
A. a nonrenewable resource.
B. physical capital.
C. a renewable resource.
D. technology.
Answer: C
You might also like to view...
Which of the following was a result of the many programs introduced as part of the New Deal?
a. a business environment of uncertainty that reduced output and investment b. a speeding up of the economic recovery process once these programs were enacted c. an increase in trade, investment, and output within the business sector d. a steady decline in the unemployment rate
The poverty rate is based on a family's
a. income, in-kind transfers, and other government aid. b. income and in-kind transfers. c. in-kind transfers only. d. income only.
If a U.S. dollar purchases 4 Argentinean pesos, and a gallon of milk costs $3 in the U.S. and 6 pesos in Argentina what is the real exchange rate?
a. 2 b. 3/2 c. 2/3 d. 1/2
Which of the following is the slope of the production function with respect to an input?
A. The marginal physical product of the input. B. The unit cost of the input. C. The input price. D. The average product of the input.