Please answer both I will rateGenerally speaking, timber represents an exhaustible resource,while coal and oil represent renewable resources. a.true b.false 2-densify the normative statement (or statements) below: a.the U.S. unemployment rate was below 5.0% in 2018 b.U.S. trade restrictions cost consumers $200 billion annually c.when the national unemployment rate is 6%, the unemployment rate for inner city youth is often close to 30% d.none of the statements above are normative

The economics is a vast area, where the study includes various branches. The economics is based upon…

Answered: Please answer both I will rate…

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please answer both I will rate

Generally speaking, timber represents an exhaustible resource,while coal and oil represent renewable resources.

	a.	true
	b.	false

2-densify the normative statement (or statements) below:

	a.	the U.S. unemployment rate was below 5.0% in 2018
	b.	U.S. trade restrictions cost consumers $200 billion annually
	c.	when the national unemployment rate is 6%, the unemployment rate for inner city youth is often close to 30%
	d.	none of the statements above are normative