To Determine Whether a Nation Has an "Abundance" of a

question 72

Multiple Choice

To determine whether a nation has an "abundance" of a
Resource, economists look at:

• A)the exports of the nation.
• B)the imports of the nation.
• C)the total quantity of that resource compared with the total quantity of the other resource.
• D)a nation's share of the resource compared with its share of world GDP.

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Definitions:

Income Statement

A financial report that shows an organization’s profitability over a period of time—month, quarter, or year.

Financial Statements

Formal records of the financial activities and condition of a business, person, or other entity, often including the balance sheet, income statement, and cash flow statement.

Potential Investors

Individuals or entities that have the capability to invest capital in a project or company but have not yet committed to the investment.