Economists classify energy and water as part of which factor of production?
A) land
B) labor
C) capital
D) entrepreneurship
E) land if undeveloped and capital if developed
A
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A worldwide system of fixed exchange rates was organized and maintained under the International Monetary Fund
A) in the three decades before World War I. B) in the years between the world wars. C) from the end of World War II until the early 1970s. D) from the early 1960s to the late 1980s.
One common example of a price ceiling is rent control
a. True b. False Indicate whether the statement is true or false
In a major policy document, what did the U.S. Department of Defense say "may act as an accelerant of instability or conflict" in the future, and will force "civilian institutions and militaries around the world" to respond?
a. climate change b. resource shortages c. air pollution d. oil prices
Real gross domestic product (RGDP) differs from gross domestic product (GDP) in that RGDP ______.
a. is adjusted for inflation b. reflects current unemployment figures c. reflects a stable price level d. is always smaller than GDP