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:

Military Considerations

Strategic and logistical evaluations made by armed forces to plan and conduct operations.

World Bank

A worldwide finance institution that delivers loans and grants to the government bodies of impoverished countries for capital project activities.

Infrastructure

The fundamental physical and organizational structures and facilities needed for the operation of a society or enterprise.

Loans

Borrowed funds that must be repaid, usually with interest, used by individuals or entities to finance various activities or purchases.