Which of the following will cause the long-run aggregate supply curve to shift? I. Changes in technology II. Changes in government spending III. Changes in the money supply
A) I only
B) II only
C) I, II, and III
D) only I and II
A
Economics
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The statement that "water is a necessity" is misleading because
A) it does not distinguish fresh water from salt water. B) it fails to specify for whom water is a necessity. C) it incorrectly assumes people use water only or primarily for drinking. D) water is a necessity only in desert environments. E) water is extremely abundant.
Economics
Water from the Mississippi river is an example of
A) a nonrenewable natural resource. B) a renewable natural resource. C) capital. D) a static resource.
Economics