About one-half of us electricity is generated using coal

Question

Questions:

PART 1

Question 1
About one-half of U.S. electricity is generated using coal.
True
False

Question 2
Electricity generating plants with low fixed costs tend to have high operating costs.
True
False

Question 3
Energy demand is relatively stable over the course of a day.
True
False

Question 4
Renewable energy sources account for about 50 percent of U.S. electricity generation.
True
False

Question 5
The Economist's Commodity Price Index reveals that the supply of productive resources has increased faster than the demand for decades.
True
False

Question 6
The United States is in imminent danger of running out of energy.
True
False

Question 7
The United States produces more than twice as much output per million BTUs of energy consumed than it did in 1950.
True
False

Question 8
The average person in the United States generates about 10 pounds of trash per day.
True
False

Question 9
The total cost of extracting and selling a resource in a given year is the sum of the extraction cost and user cost.
True
False

Question 10
Thomas Malthus argued that increases in living standards tend to reduce birthrates.
True
False

PART 2

Question 1
Broadly defined, labor's share of national income has been remarkably stable since 1900.
True
False

Question 2
Different rents on land reflect differences in the marginal revenue product of land.
True
False

Question 3
Economic profits are the salaries received by the hired managers of business corporations.
True
False

Question 4
Other things equal, the shorter the loan period and the larger the loan size, the higher is the interest rate charged by the lender.
True
False

Question 5
Present value is the amount to which some current amount of money will grow as interest compounds over time.
True
False

Question 6
The basic function of profits and losses is to allocate society's scarce resources to their highest valued uses.
True
False

Question 7
The free-land era of U.S. history reflected a situation in which the quantity of land available at a zero price exceeded the quantity of land demanded.
True
False

Question 8
The interest rate is the price paid for the use of money.
True
False

Question 9
The time-value of money refers to the idea that a given amount of money is more valuable to a person the sooner it is received.
True
False

Question 10
Unlike most demand curves, the demand curve for loanable funds is upsloping.
True
False