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:

Self-managing Responsibilities

Tasks or duties that an individual is accountable for completing on their own, often requiring self-discipline and time management skills.

Productivity Improvements

Involves strategies and actions taken to increase the efficiency and effectiveness of processes, leading to higher outputs with the same or reduced input levels.

Technological Change

The process by which new technologies and innovations are developed, leading to changes in productivity, efficiency, and societal norms.

Functional Silos Problem

Issues that arise when different departments or groups within an organization do not communicate effectively, leading to inefficiencies and reduced synergy.