The classic resource study of Barnett and Morse found that
a. resource costs have been rising at such a rate that, within fifty years, the prices of most natural resources will be exorbitant.
b. the current proved reserves of most minerals are becoming perilously low.
c. resource prices declined between 1870 and 1920, but since 1920 the relative price of natural resources has been increasing at an annual rate of approximately 3.5 percent.
d. technology and developing substitutes outran our use of scarce natural resources during the last century, so that relative resource prices have declined.
D
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Which of the following would lead to an upward movement along the aggregate demand curve?
a. An increase in government purchases b. An increase in the money supply c. An increase in the price level d. A decrease in the money supply e. An increase in taxes
School Board Voters' Ordered PreferencesDavidErnieFionaNew gymNew libraryNew computer labNew libraryNew computer labNew gymNew computer labNew gymNew libraryIf a first-past-the-post vote was taken by the school board on which project gets funded and the voters' preferences are shown in the table, which project is most likely to win?
A. Computer lab B. Gym C. Library D. It will result in a three-way tie.