In the market for both renewable and nonrenewable resources, the timing of the use of resources depends on:
a. the alternatives uses to which the resource is put.
b. the market rate of interest.
c. the availability of substitutes.
d. the elasticity of demand for resources.
e. government regulations.
b
Economics
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The National Banking Acts of 1863 and 1864 gave the federal government power to do all the following except _____.
(A) Require banks to hold gold and silver reserves. (B) Seize the assets of any individual. (C) Charter banks. (D) Issue a single national currency.
Economics
In 1914, Henry Ford began paying his workers $5 per day, about twice the going wage. As a result, turnover and absenteeism fell and productivity and profits rose
a. True b. False Indicate whether the statement is true or false
Economics