Are we running out of natural resources?
a. No, because we may abandon the use of a particular resource before we exhaust its supply.
b. Yes, because some resources are nonrenewable.
c. Yes, because all resources are eventually nonrenewable.
d. Yes, because we live in a finite world.
e. No, because all resources are in infinite supply.
A
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A monopolist faces a demand curve that
A) is perfectly horizontal at the market price. B) is below the marginal revenue curve. C) is downward sloping. D) coincides with the industry supply.
One of the costs of the Federal Deposit Insurance Corporation's protection is
a. bank managers may take great risks with depositors' money b. the public pays closer attention to the bank managers' actions c. the Fed was forced to reduce its regulation of banks d. bank managers may act too cautiously with depositors' money e. banks' profits increased