Main Ideas of a Theory of Resource Use Suited to the Needs

question 177

Multiple Choice

Main ideas of a theory of resource use suited to the needs of a basic goods economy includes

• A) the adoption of organic agriculture.
• B) use of renewable sources of energy.
• C) increased globalization.
• D) use of local raw materials.
• E) decentralization of production to minimize transport of materials.

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Definitions:

U.S. Treasury Bills

Short-term government securities issued by the United States Department of the Treasury with maturity periods ranging from a few days to 52 weeks.

Average Rate of Return

The average annual income earned through an investment, expressed as a percentage of the original investment.

Investment Banks

Financial institutions specializing in complex financial transactions such as underwriting, acting as intermediaries in mergers and acquisitions, and issuing new securities.

Capital

Wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.