Doomsday forecasts about running out of natural resources, with dire consequences,
a. have occurred at least as far back in time as the 16th century.
b. have generally been correct, and resources today are nearly all rising in price.
c. seldom are taken seriously enough by the public.
d. began to be heard for the first time after Earth Day of 1970.
A
You might also like to view...
What will happen to the steady-state equilibrium level of output and capital stock in an economy if:
a) there is an increase in the savings rate. b) there is a deterioration of human capital. What will be an ideal response?
Price discrimination requires:
a. a firm to be a competitive firm. b. a firm to be able to segment its customers based on different price elasticities of demand. c. arbitrage. d. that the product can be easily resold.
The New Deal legislation passed by President Roosevelt was inspired by
A. economic problems caused by World War I. B. normal business cycles. C. the Irish potato famine of 1927. D. the Great Depression
Varying plant sizes are shown graphically by
A. economies of scale. B. diseconomies of scale. C. the long-run average costs curve. D. diminishing returns. E. negative returns.