Forests in the United States have, in recent decades,
a. expanded substantially in the amount of wood grown.
b. been steadily declining in acreage and in wood produced.
c. been cut and cleared at a faster and faster rate.
d. shown no trend in growth or shrinkage.
A
Economics
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Cyclical unemployment exists when
A) frictional and structural unemployment is zero. B) real national income exceeds potential income. C) real GDP exceeds potential GDP. D) real GDP is less than potential GDP.
Economics
A sunk cost is one that
a. changes as the level of output changes in the short run. b. was paid in the past and will not change regardless of the present decision. c. should determine the rational course of action in the future. d. has the most impact on profit-making decisions.
Economics