Which of the following are examples of nonrenewable resources?
a. forests and aquifers
b. fisheries
c. oil and minerals
d. toxic chemicals
c. oil and minerals
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When the dollar appreciates, the prices of imported inputs
A. fall and aggregate supply shifts outward. B. fall and aggregate supply shifts inward. C. rise and aggregate supply shifts outward. D. rise and aggregate supply shifts inward.
The graph shows the market for ski chalets in Aspen. If a rent ceiling is set at $1,900 a week, then the maximum amount charged in the black market is ________ a week
A) $1,900 B) $2,050 C) $2,125 D) $225 E) $150
Which of the following is true for a monopolist?
A) Being the only seller in the market, the monopolist faces the market demand curve. B) Being the only seller in the market, the monopolist faces a perfectly elastic demand curve. C) Being the only seller in the market, the monopolist faces a downward-sloping demand curve that lies below the marginal revenue curve. D) Being the only seller in the market, the monopolist faces a perfectly inelastic demand curve.
Arbitrage is:
a. capital controls. b. interest rate management by the central bank. c. exploiting profit opportunities in the market resulting from price differences. d. investing in junk bonds or businesses that are not ethical.