The key demand-side factors that cause the depletion of finite natural resources are:
A. Population and productivity
B. Productivity and per capita consumption
C. Per capita consumption and efficiency
D. Population and per capita consumption
D. Population and per capita consumption
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The figure above represents the relationship between output and cost in an industry with an external cost. When output is at D, what distance represents the marginal external cost?
A) AB B) BC C) CD D) BD E) None of the above answers is correct.
The primary benefit that results when a nation employs its resources in accordance with the principle of comparative advantage is
What will be an ideal response?
A monopoly occurs when one firm produces all of the market supply of a good or service.
Answer the following statement true (T) or false (F)
If minimum wage is set above equilibrium wage rate, powerful effects.
What will be an ideal response?