The finite nature of the economy's resource base
a. will be solved if only we would learn to conserve
b. arises out of people's insatiable appetite for goods
c. is only a problem in developing countries
d. will disappear as technology advances
e. will persist indefinitely
E
You might also like to view...
Vinny consumes tacos and chicken wings. To keep his utility constant, he must consume more tacos if he consumes fewer chicken wings. This means that
A) Vinny's indifference curve for tacos and chicken wings must have a negative slope. B) Vinny's marginal rate of substitution must be constant along his indifference curves for tacos and chicken wings. C) Vinny's marginal utility from each good must be constant along his convex indifference curves for tacos and chicken wings. D) the prices Vinny pays for tacos and chicken wings are always the same.
A rule of thumb is that a 1% increase in output leads automatically to a reduction in the deficit of what percentage of GDP?
A) 0.5% B) 1% C) 1.5% D) 2%