What are the practical problems involved in such changes

Reference no: EM131923364

Problem

1. Is land a renewable or non-renewable re-source? Explain your answer.

2. The Bible tells us to turn 'swords into plough-shares', and there is much talk nowadays of the 'peace dividend' (see p 4) What are the practical problems involved in such changes, and how can they be illustrated by the use of a production possibility curve?

3. Is a screwdriver an example of fixed or working capital?

Reference no: EM131923364

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