Which of these statements about the productivity of resources is true?
a. While labor can become more productive, natural resources cannot.
b. Less productive resources result in more sustainable economic growth.
c. Capital, labor, and natural resources can all become more productive.
d. It is not possible to make a resource more productive.
c. Capital, labor, and natural resources can all become more productive.
You might also like to view...
Refer to Figure 12-9. At price P2, the firm would produce
A) Q2 units. B) Q3 units. C) Q4 units. D) zero units.
A shortage will occur when
A) the price equals the market clearing level. B) the price is above the market clearing level. C) there is an excess quantity supplied. D) the price is below the market clearing level.
The demand curve can be derived from indifference curves by varying the price of the commodity in question
a. True b. False Indicate whether the statement is true or false
Which statement is false?
A. Most jobs in defense plants during World War II were held by white males. B. The federal government instituted wage and price controls during World War II. C. Very little new housing was built during the Great Depression and World War II. D. None of the statements are false.