The notion that our ability to conserve natural resources is growing more rapidly than their supplies are dwindling is supported by the fact that
a. most economists do not regard the availability of natural resources as a determinant of productivity.
b. the quantity of natural resources does not enter into any production function.
c. inflation-adjusted prices of most natural resources have been stable or fallen over time.
d. inflation-adjusted prices of most natural resources have risen over time.
c
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The inflation rate for the economy as a whole is a
a. normative value judgment b. positive value judgment c. macroeconomic statistic d. microeconomic statistic e. critical assumption
Which of the following is unique to the corporate form of business organization?
a. hiring and firing workers b. borrowing funds for expansion c. production of goods and services d. limited liability for the firm's debts e. ability to plow profits back into the firm