Which of the following is an exhaustible resource?
a. timber
b. oil
c. fish
d. grasslands
e. rivers
Ans: b. oil
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If the economy is at point R, most likely this economy is experiencing __________.
Capital and labor only very recently have been free to move across international borders
Indicate whether the statement is true or false
If a bond pays a fixed return of $500 a year and the current interest rate has risen from 5 percent to 10 percent, then the bond price must have:
a. risen from $25 to $50. b. fallen from $50 to $25. c. risen from $5,000 to $10,000. d. fallen from $10,000 to $5,000. e. risen from $1,000 to $5,000.
Pollution problems
A. have existed for many centuries. B. are attributable to modern industrialization. C. can be blamed on the profit system. D. have worsened in every respect in the past 40 years.