The natural resources used in production are made available in the

Utility is defined as the:

a. sense of pleasure or satisfaction derived from consuming goods and services. b. cost of acquiring goods and services. c. profits consumers earn from consuming goods and services. d. monetary value to consumers of goods and services. e. desire to consume goods and services.

The growth rate of productivity is the most important determinant of material well-being in the short run

a. True b. False Indicate whether the statement is true or false