Coal is considered to be a non-renewable energy source. Which of the following statements is correct?
a. Coal is an unlimited resource.
b. Coal is a scarce resource.
c. Coal is a non-scarce resource.
d. Coal is not a resource.
b
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If in the third quarter of 2016 total investment spending was $4,768 billion and depreciation was $3,292 billion, then net investment was equal to
A) $1,476 billion. B) $3,292 billion. C) $4,768 billion. D) $8,060 billion.
In economics, the term "free rider" refers to
A) a person who evades taxes. B) one who waits for others to produce a good and then enjoys its benefits without paying for it. C) a supervisor who delegates menial time-consuming activities to others. D) one who volunteers her services.
A positive economic statement is:
a. an opinion of an action that should be taken. b. an action that will have a positive effect on the economy. c. a statement testable by facts. d. a claim that the speaker is positive will occur. e. always a microeconomic position.
Monopolies and oligopolies are similar in that both owe their existence to government intervention in the marketplace
Indicate whether the statement is true or false