Which of the following is an exhaustible resource?

a. timber
b. oil
c. fish
d. grasslands
e. rivers


Ans: b. oil

Economics

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If the economy is at point R, most likely this economy is experiencing __________.


Economics

Capital and labor only very recently have been free to move across international borders

Indicate whether the statement is true or false

Economics

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.

Economics

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.

Economics