If oil is considered a non-renewable resource, than oil is
a. an unlimited resource
b. a scarce resource.
c. not a productive resource.
d. has no opportunity cost.
b
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A perfectly competitive industry's short-run supply curve is best described as
A) the upward sloping portion of the industry's marginal cost curve. B) horizontal. C) perfectly inelastic. D) the horizontal summation of the individual firms' supply curves.
What would be the Nash equilibrium of this simultaneous game?
a. Boxing, boxing b. Ballet, ballet c. Boxing, ballet d. Both A&B
If the price of Chinese food decreases, then the demand for chopsticks decreases because they are complementary goods
Indicate whether the statement is true or false
Numerically, the dominant type of business enterprise in the United States is
A. the proprietorship. B. the partnership. C. the corporation. D. the multinational corporation.