Natural resources are examples such as __________ ?
a. Humans, buildings, cars; houses
b. None of the mention resources
c. Trees, body of waters; minerals
d. goods, services, knowledge; cars
Ans: c. Trees, body of waters; minerals
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In Figure 3-7 above, if natural real GDP = $2500, AP = $250, and the change in "a" = change in I = change in NX = 0, the tax cut required to achieve then natural real GDP is
A) $312.50. B) $250.00. C) $500.00. D) none of the above.
Managers are at the heart of the market process
Indicate whether the statement is true or false
In the ordered pair (10,30), 10 is the y-coordinate and 30 is the z-coordinate
a. True b. False Indicate whether the statement is true or false
The figure below represents the domestic market for wheat in a small country. Imports of wheat are prohibited.
With an export subsidy of $20 per bushel, the cost to the government of paying the export subsidy is
A. $600 million. B. $2.2 billion. C. $3 billion. D. $1.2 billion.