You are faced with the following alternative choices on saturday afternoon. you can only do one of these activities. none of these activities will require you to spend any money. choice a: go to the beach. choice b: work out using exercise equipment in your garage. choice c: stay at home and practice playing the drums. it turns out that choice a is your most preferred activity, choice b is your second most preferred activity, and choice c is your least preferred activity. you choose to go to the beach. what is the opportunity cost of your decision to go to the beach?

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.