Productive Inputs That Are Actually or Virtually Fixed in Supply

question 69

Multiple Choice

Productive inputs that are actually or virtually fixed in supply are known as

• A)renewable natural resources.
• B)natural capital.
• C)nonrenewable natural resources.
• D)alternative fuels.

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Definitions:

Authorized Shares

The upper limit of shares a corporation can legally distribute, as outlined in its articles of incorporation.

Shareholders

Individuals or entities that legally own one or more shares of stock in a joint-stock company or corporation.

Company

A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.