In 1865 Jevons wrote a book, The Coal Question, in which he predicted that England would soon
a. switch from coal to alternative sources of energy
b. discover new sources of coal that would create a glut
c. go to war with Spain over access to coal deposits
d. increase its productivity and become a greater economic power
e. run out of coal
E
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An income statement shows a firm's revenue, costs, and profit
A) since the firm has been in operation. B) for the firm's fiscal year. C) only if the firm is earning an accounting profit. D) for a particular day.
The United States indexed tax brackets in _____
a. 1962 b. 1975 c. 1982 d. 1991
The direct relationship between changes in price and changes in quantity supplied is
A) a change in supply. B) shown by a shift in the supply curve. C) the law of supply. D) the law of relative production.
Developing countries tend to have comparative advantages in
A. land-intensive and unskilled-labor-intensive goods. B. only skilled-labor-intensive goods. C. only capital-intensive goods. D. both skilled-labor and capital-intensive goods.