In the past few centuries, choices have led to a substantial decline in the standards of living around the globe

The nation's supply of productive resources increases if

A) investment is greater than depreciation. B) investment equals depreciation. C) investment is less than depreciation. D) Both answers A and B can be correct. E) None of the above answers is correct because the relationship between investment and depreciation has no bearing on the amount of the nation's productive resources.

A firm engaging in efficient production, using current technology, ________ produce its current level of production with ________ inputs

A) could; fewer B) cannot; fewer C) cannot, more D) cannot; different