Because of China's growth, natural resources
A) are in greater demand, but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries.
B) are in greater demand and the natural resources are increasingly coming from developing countries.
C) prices are falling since China has tremendous negotiating power.
D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.
B
You might also like to view...
A motivation for holding stock is
A. To receive interest payments on the firm's debt. B. To have a direct role in the operation of the corporation. C. To own a low-risk, illiquid asset. D. The anticipation of capital gains.
Which pair of goods is likely to have the largest positive cross-price elasticity?
A. Butter and margarine B. Ramen noodles and a Rolex watch C. Peanut butter and jelly D. Cross-price elasticity is always negative, and simply reported in absolute value.
The size of the multiplier depends on
A. the level of autonomous consumption. B. the marginal propensity to consume. C. the level of autonomous investment. D. the level of net exports.
A payment for the use of an input that exceeds the opportunity cost of the input is known as
A) real interest. B) economic profit. C) economic rent. D) economic cost.