Author Question: If an economist claims there are substitutes for fossil fuels, she is really saying A) fossil ... (Read 287 times)

bclement10 · **on:** Jun 29, 2018

If an economist claims there are substitutes for fossil fuels, she is really saying

A) fossil fuels don't have to be economized.
B) fossil fuels aren't scarce goods.
C) fossil fuels aren't important.
D) fossil fuels are used, and maintained, only at a cost.
E) economists don't care for fossil fuels.

Question 2

If Mother Teresa had spent 190,000 on a leprosarium in Calcutta, how would her purchase have directly affected U.S. GDP?

A) It would remain unchanged because the expenditure occurred outside the domestic economy.
B) It would remain unchanged because Mother Teresa was not acting out of her own selfish interests.
C) It would have increased by 190,000.
D) It would have decreased by 190,000.