Which of the following statements is correct?
a. By definition, all natural resources are nonrenewable.
b. Market prices give us reason to believe that natural resources are a limit to economic growth.
c. An economy must be blessed with ample quantities of natural resources if it is to be a highly productive economy.
d. Differences in natural resources can explain some of the differences in standards of living around the world.
d
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In monopolistic competition, firms do not have to produce innovative products because they have downward-sloping demand curves
Indicate whether the statement is true or false
The trade balance must equal the level of private and public saving in the country
Indicate whether the statement is true or false
Tara wants to be her professional best in the interview. She should
a. bring an up-to-date professional resume b. verify that her credit score is accurate and improve it if necessary c. emphasize her computer/technology skills during the interview d. arrive on time, or even a bit early for the interview e. all
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.