Which of the following is true of a country that does not engage in trade?
a. It can produce all of what the citizens within the country want
b. The country has an infinite stock of resources.
c. The country will eventually reach its limit in the number of goods it is able to manufacture.
d. The production of goods within the country does not involve opportunity costs.
c
Economics
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____________: Represents the loss in value of a building over time associated with the aging and decay of its physical condition.
Fill in the blank(s) with the appropriate word(s).
Economics
The outcome of the Civil War in the United States was that:
a. the Confederates were allowed to keep their currency. b. the value of the Confederate dollar increased at the end of the war. c. the Confederate dollar became worthless. d. the North's currency declined in value.
Economics