To state that the resources of the economy are finite implies that

a. we cannot live without them
b. we always want more of them
c. they are nonrenewable
d. at least some of them are renewable
e. there is a fixed quantity of them at any point in time

E

Economics

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In the past twenty years the economy's responsiveness to monetary policy has become

A) weaker and more stretched out. B) weaker and shorter. C) stronger and more stretched out. D) stronger and shorter.

Economics

Diminishing marginal rate of substitution can be seen when indifference curves

A) cross. B) are convex. C) are downward sloping. D) become flatter as we move down and to the right.

Economics