What is likely to happen to resource demand in the next few decades?
What will be an ideal response?
Resource demand is likely to increase significantly during the next few decades as more countries modernize and begin to consume more energy and other resources per capital. The increasing demand in developing countries will be offset somewhat by the declining demand in richer nations as population growth and resource use per capital declines in these nations. Improvements in technology should also contribute to more efficient resource use.
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The interest rate falls when either the demand for bonds ________ or the supply of bonds ________
A) increases; increases B) increases; decreases C) decreases; decreases D) decreases; increases
Once marginal cost rises above the average cost,
a. Average costs will increase b. Average costs will decrease c. Average costs will stay the same d. None of the above