Author Question: When there is an upward rise in the volume of economic activity, the economy is said to be in a ... (Read 26 times)

yoroshambo · **on:** Jun 30, 2018

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.