The phenomenon that explains the interdependence of water resources and the natural movement of water from the atmosphere to the surface, to beneath the ground, and back to the atmosphere is the
a. estuarial cycle c. hydrologic cycle
b. runoff process d. watershed progression
c. hydrologic cycle
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Economic growth
A) creates unemployment. B) has no opportunity cost. C) shifts the PPF outward. D) makes it more difficult for a nation to produce on its PPF.
Describe one of the two reasons given in the textbook to help explain why price and quantity demanded are inversely related
Diminishing marginal utility implies that as an individual consumes more of a good, beyond some point another unit will add:
A. the same pleasure as the preceding unit. B. more pleasure than the preceding unit. C. more units of utility than the preceding units. D. less pleasure than the preceding unit.
Which of the following statements is true?
A. The speculative demand for money at possible interest rates gives the demand for money curve its upward slope. B. There is an inverse relationship between the quantity of money demanded and the interest rate. C. According to the quantity theory of money, any change in the money supply will have no effect on the price level. D. The transactions demand for money is used as an insurance agent against unexpected needs.