For any particular period of time, say a year, the supply of exhaustible resources:
a. decreases infinitely with an increase in price.
b. remains unaffected by any change in price.
c. increases infinitely with an increase in price.
d. increases to a certain extent with an increase in price.
e. decreases to a certain extent with an increase in price.
d
Economics
You might also like to view...
Labor productivity is
a. real GDP per hour of labor times the number of people. b. real GDP per hour of labor. c. real GDP per hour of labor times the hours of work. d. the rate of change in real GDP per hour of labor.
Economics
Which of the following information about fiat money is false?
A) It must be issued by a sanctioned monetary authority. B) It serves as a medium of exchange. C) It has virtually no intrinsic value. D) All of the above statements about fiat money are true.
Economics