Which of the following statements is true?
a. Natural resources per worker influence productivity only when those natural resources are renewable.
b. The prices of most natural resources are stable or falling relative to other prices.
c. Technology requires greater use of natural resources.
d. The terms human capital and technological knowledge are used interchangeably.
b
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How are intermediate goods treated in the calculation of GDP?
A) Their value is counted separately, and their value is also included as part of the value of the final good for which they are an input. B) Their value is counted separately, but is not included as part of the value of the final good for which they are an input. C) They are included only if they are imported. D) Their value is not counted separately, but included as part of the value of the final good for which they are an input.
Purchasing a profitable supplier increases profit only if
a. You pay equal to the value of the company's inventory b. You pay higher than the value of the company's future profits c. You pay lower than the value of the company's discounted future profits d. You pay lower than the value of the company's undiscounted future profits