When there is an upward rise in the volume of economic activity, ...

[yoroshambo]

When there is an upward rise in the volume of economic activity, the economy is said to be in a recession.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If oil is considered a non-renewable resource, than oil is
 a. an unlimited resource.
 b. a scarce resource.
 c. not a productive resource.
  d. has no opportunity cost.

[Jordin Calloway]

Answer to Question 1

False

Answer to Question 2

b

[yoroshambo]

YES! Correct, THANKS for helping me on my review

[lcapri7]

Thanks for the timely response, appreciate it