The buyers and sellers in a resource market are:
a. household and firms respectively.
b. banks and farmers respectively.
c. households and land owners respectively.
d. firms and household respectively.
e. exporters and importers respectively.
Question 2
Which of the following is likely to cause an outward shift of a production possibility curve?
a. An increase in the price of the commodity represented on the horizontal axis
b. A fall in the cost of producing the commodity represented on the vertical axis
c. An improvement in the available technology
d. A fall in the supply of resources
e. An increase in the supply of unskilled workers
Segregation according to resource factor among 40 species of British passerine birds.
Joseph Banks
Typical slip-joint pliers are common household pliers. The slip joint allows the jaws to be opened ...
Growth of a Renewable Resource
Natural Resource Prices, 1850–2010
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...