Natural resources can be:
A. renewable.
B. nonrenewable.
C. Both of these are true.
D. Neither of these is true.
C. Both of these are true.
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The designate M1 measure of money consists of
A) the most liquid types of money in the U.S. system. B) small time deposits only. C) credit cards and ATM cards. D) gold and gold coins.
When the price level in the United States rises, then net exports should
a. rise and equilibrium real GDP should increase. b. fall and equilibrium real GDP should increase. c. fall and equilibrium real GDP should decrease. d. rise and equilibrium real GDP should decrease.
A demand curve shows the relationship between:
A. price and quantity demanded. B. the demand and supply schedules. C. demand and supply equilibrium. D. leakages and injections.
(Exhibit: IS-LM Fiscal Policy) Based on the graph, starting from equilibrium at interest rate r1 and income Y1, a decrease in government spending would generate the new equilibrium combination of interest rate and income:
What will be an ideal response?