The notion that our ability to conserve natural resources is growing more rapidly than their supplies are dwindling is supported by the fact that
a. most economists do not regard the availability of natural resources as a determinant of productivity.
b. the quantity of natural resources does not enter into any production function.
c. inflation-adjusted prices of most natural resources have been stable or fallen over time.
d. inflation-adjusted prices of most natural resources have risen over time.
c
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Refer to the table above. Based on this information, we can conclude that Laborland has a ________
A) current account surplus B) current account deficit C) trade surplus D) budget deficit
In the figure above, at the market price of $15, the consumer surplus equals
A) $10,000. B) $30,000. C) $40,000. D) 2,000 units. E) $20,000.
What does the term "commitment" refer to in game theory?
What will be an ideal response?
Which of the following will occur when the capital stock falls?
A) profit per unit of capital will increase B) profit per unit of capital will decrease C) there will be no change in profit per unit of capital D) there will be an ambiguous effect on profit per unit of capital E) none of the above