Natural gas would be considered a
A. limited natural resource.
B. sequestered natural resource.
C. renewable natural resource.
D. sustainable natural resource.
Answer: A
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What will be an ideal response?
In the situation involving a bilateral monopoly, a
A) single firm acts as both the monopsonist and the monopoly. B) single seller sells to a single buyer. C) monopsonist sells to a monopsonist. D) monopolist sells to a monopolist.
Income taxes and transfer payments help prevent extreme macroeconomic fluctuations
a. True b. False Indicate whether the statement is true or false
For liberals, the United States has a(n)
a. public sector that is too large. b. private sector that is too small. c. economy that is too heavily regulated. d. public sector that is too small.