Which of the following is NOT counted as an economic resource?
a. Forests.
b. Mental abilities of labor.
c. Stocks and bonds.
d. Entrepreneurship.
e. All of the above are included.
Question 2
Suppose that Venezuela experiences significant capital outflows after a recent election. If the nation had flexible exchange rates, what effect would these flows have had on Venezuela's reserves account and value of the Bolivar (the Venezuelan currency)?
a. Reserves account would rise and value of the Bolivar would fall.
b. Reserves account would not change and value of the Bolivar would fall.
c. Reserves account would fall and value of the Bolivar would not change.
d. Reserves account would fall and value of the Bolivar would fall.
e. Reserves account would fall and value of the Bolivar would rise.
