If a resource is nonrenewable and we use 2 percent of its supply per year,
a. it will gradually be depleted
b. its supply will be constant regardless of use because it has the nonrenewability property
c. it will become renewable as its supply approaches zero
d. it could never be depleted because 2 percent of a diminishing supply is an increasing amount
e. it will decrease at a diminishing rate so that its supply will approach its initial quantity
A
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In the figure above, the rightward shift from the demand for loanable funds curve DLF1 to the demand for loanable funds curve DLF2, could be the result of
A) a decrease in expected profit. B) a fall in the interest rate. C) an increase in wealth. D) a rise in the interest rate. E) an increase in expected profit.
Because of assortative mating, wealth becomes ________ and the distribution of wealth becomes more ________
A) more concentrated in a small number of families; equal B) more concentrated in a small number of families; unequal C) spread out among more families; equal D) spread out among more families; unequal
Which of the following will limit the money creation process to an amount less than the potential amount?
What will be an ideal response?
Which of the following consumers would most likely be helped by a price ceiling?
a. Because of his low income, Ben can afford to rent an apartment at only $800 per month. b. Because of her significant raise, Juanita can afford a $30,000 car. c. Because of his sizable inheritance, Jacques can add an expensive addition to his home. d. Because of her steady income, Roberta can rent a vacation home in Hawaii.