A renewable resource:
A. can be replenished naturally over time.
B. is used to regenerate an old piece of capital.
C. is used when adopting new technology, and replacing old capital.
D. cannot be replenished naturally over time.
A. can be replenished naturally over time.
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As the dollar exchange rate, e, decreases, the quantity of dollars supplied in the foreign exchange market ________, and the quantity of dollars demanded in the foreign exchange market ________.
A. decreases; decreases B. increases; increases C. decreases; increases D. increases; decreases
In the above figure, the total cost curve is curve
A) A. B) B. C) C. D) none of the curves in the figure.
In the above figure, assume the economy starts out in equilibrium at point d. If the Fed increases the money supply so that the new aggregate demand curve is AD3, then the new short-run equilibrium will be at point
A) a. B) b. C) c. D) i.
A paint firm has just announced that it will be building a new plant in a small town that is currently experiencing a high level of unemployment. The new plant will create 500 new jobs in the area and will occupy unused land at the edge of town. The
plant will also dump some harmful chemicals into the town's river. From an economic standpoint this dumping of chemicals A) is unimportant since the firm is reducing the unemployment in the region. B) creates a negative externality. C) is the production of a public good. D) creates a positive externality.