Natural resources are_______________?
Correct answer: B. finite
- A. infinite
- B. finite
- C. ready to support many more billions of people
- D. dispensable
Explanation
Natural resources are finite because the stock of oil, minerals, forests, and other resources is limited, even though some can be renewed. Their scarcity makes conservation and efficient use economically important.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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