Which of the Following Statements Is Correct

question 15

Multiple Choice

Which of the following statements is correct?

• A)By definition,all natural resources are nonrenewable.
• B)Market prices give us reason to believe that natural resources are a limit to economic growth.
• C)An economy must be blessed with ample quantities of natural resources if it is to be a highly productive economy.
• D)Differences in natural resources can explain some of the differences in standards of living around the world.

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Definitions:

Surety Bond

A three-party agreement where the surety guarantees to the obligee that the principal will fulfill an obligation or perform as agreed.

Distinguish

To recognize or treat someone or something as different from others.

Negligence Action

A legal case brought against a party who is accused of failing to exercise a level of care that a reasonable person would in the same situation, resulting in harm.

Established Requirements

Specific criteria or conditions that are defined and set in place for the fulfillment of tasks or obligations.