Predictions that natural resources such as oil will be essentially used up in the next few decades
a. have been frequently made for the past century but have always proven to be false.
b. have usually been based on the quantity of proved reserves.
c. have ignored the role of price in governing the quantities demanded and supplied.
d. All of the above are correct.
D
Economics
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If a higher inflation is expected, what would you expect to happen to the shape of the yield curve? Why?
What will be an ideal response?
Economics
Which of the following provides the foundation of the case for free trade?
a. The law of diminishing marginal utility b. The anti-dumping argument c. The industrial diversity argument d. The theory of comparative advantage
Economics