The relative prices of the products that use natural resources intensively will decrease over time with the decrease in the availability of the natural resources.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Legislators are indifferent about placing a unit tax on the suppliers of a good or the demanders. If a tax is placed on the suppliers of the good _____
a. suppliers will pay the entire tax b. suppliers will pay more than if the tax were initially placed on the demanders c. suppliers will pay exactly what they would pay if the tax were initially placed on the demanders d. suppliers will pay less than if the tax were initially placed on the demanders
The "labor-force participation rate":
a. Equals the number of people employed divided by the number of people employed and unemployed. b. Equals the number of people unemployed and actively seeking work divided by the non-institutional population over 16 years of age. c. Is ironically very similar from one country to another. d. Equals the number of people employed and unemployed (and actively seeking work) divided by the non-institutional population over 16 years of age and varies from country to country due to economic incentives, cultural backgrounds, expectations, and religious beliefs. e. None of the above is correct.1.The labor force: a. Is made up of individuals who are employed, individuals without a job and actively seeking work, and individuals without a job and not actively seeking work. b. Is made up of individuals who are employed and individuals without a job and actively seeking work. c. Is basically the same as a nation's non-institutional population over 16 years of age. d. Rises with each new birth.
A fall in the demand for the final product brings about
A. a rise in derived demand. B. a fall in derived demand. C. no change in derived demand.
Which of the following is a microeconomics question?
A. Should Congress and the president take action to reduce global warming? B. Is it sensible for a government to subsidize tobacco production? C. Why do some countries grow faster than others? D. Should the government attempt to influence the interest rate to lower inflation?