People can create natural resources by growing and harvesting agricultural products.

Answer the following statement true (T) or false (F)


False

Most natural resources must be extracted, purified, or harnessed; people cannot actually create them. See 1-4: Factors of Production: The Basic Building Blocks

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A recording statute gives potential purchasers of real property the ability to determine whether there are existing liens on a property

Indicate whether the statement is true or false

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When excessive competition replaces the cooperation necessary for organizational and individual success, communication can be diminished, if not eliminated

Indicate whether the statement is true or false

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Fritz is seriously considering bankruptcy, because he has a large number of outstanding debts, the principal ones of which are as follows: (1) he owes his ex-wife $25,000 in back alimony and child support; (2) he owes $20,000 in guaranteed student

loans; (3) he has a lawsuit pending against him in which his ex-girlfriend is asking for $50,000 in damages (the suit is based upon the intentional tort of battery and arises from an incident in which Fritz got mad at his girlfriend and hit her); and (4) he owes the First Bank $20,000 for a loan secured by his new sports car. Should Fritz file for bankruptcy?

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There are several markets in the United States. The market where corn, wheat, soybeans, and oil

are exchanged is the A) financial market. B) retail market. C) commodity market. D) real estate market. E) none of the above.

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