Multiple Choice
Natural resources:
A) include bodies of water,trees,oil reserves,and minerals.
B) are not scarce.
C) are exhaustible as long as they are managed properly.
D) are the result of human effort.
E) are machines used in the production process.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: In economics, money is an example of
Q40: The fact that people have unlimited wants
Q48: Economics studies how decision makers use scarce
Q72: "There should be less discrimination against the
Q73: Elijah,a basketball fan,reasons that because his favorite
Q77: Economists classify all of the following as
Q83: Profit is the payment received by resource
Q91: Goods and services are exchanged in<br>A)product markets<br>B)resource
Q110: It is always rational to acquire more
Q134: As a scientist, an economist's main professional