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:

Salaries

Scheduled payments made by employers to employees, usually on a monthly or biweekly basis, as compensation for their labor.

CEOs

Chief Executive Officers, the highest-ranking individuals in a company, responsible for making overarching decisions and setting strategic direction.

High Salaries

Compensation levels significantly above the average or median for a role, often reflecting high skill levels, responsibility, or job market demand.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.