Overfishing and extinction of species arise because of:
a. an abundance of natural resources.
b. communist countries.
c. the lack of incentive to take care of these species.
d. private ownership of these resources.
e. a high degree of economic freedom in all countries.
c
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When people who are holding the money of some other country want to exchange it for U.S. dollars, they ________ U.S. dollars and ________ that other country's money
A) demand; supply B) supply; supply C) supply; demand D) demand; demand
Rock climbing areas are often on public lands. These areas, which are often crowded, are classified as
A) rival and excludable. B) non-rival and excludable. C) rival and non-excludable. D) non-rival and non-excludable.
A monopoly is a firm that is the only seller of a good or service that does not have a close substitute
Indicate whether the statement is true or false
A bond is:
A. a financial asset that represents partial ownership of a company. B. a payment made periodically to all shareholders of a company. C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. D. a promise by the bond issuer to pay a lump sum at a specified maturity date, and, in some cases, to pay periodic interest at a specific percentage rate.