If coal is extracted in an unsustainable manner in the current period, the price for steel is likely to increase in future
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following characteristics is a precondition for economic growth?
i. economic freedom ii. free markets iii. active government policy to discourage saving A) ii only B) Both ii and iii C) i only D) iii only E) Both i and ii
The table above lists six points on the production possibilities frontier for grain and cars. From this information you can conclude that production is inefficient if this economy produces
A) 6 tons of grain and 18 cars. B) 4 tons of grain and 26 cars. C) 2 tons of grain and 27 cars. D) 8 tons of grain and 10 cars.
Leverage is thought to be:
A. a dangerous tool, especially for big companies who do not understand its risk. B. the most widely used of hedging risk in markets. C. the single reason for the Great depression. D. a relatively riskless strategy used by companies to grow quickly.
In the U.S., which of the following government programs assist workers find jobs when they lose their jobs due to trade?
A. Trade Adjustment Assistance program B. Social Security C. workers' compensation D. Obamacare