Wheat Is A Renewable Because It Grows Back. A renewable resource is one that has the ability to re-grow, or to be replenished. A nonrenewable resource is one that, once used, does not have the ability to re-grow.
Answer:
The correct answer is: overstate
Explanation:
The substitution bias in economic index numbers appears when the possibility of a consumer to change the consumption of a good - that has become more expensive relative to others - for a cheaper one, is ignored. Thus, looking at the CPI (Consumer Price Index), as an indicator of how much the consumer cost of living has raised over time, without eliminating the substitution bias, can over-estimate this inflation effect.
These factors are considered when determining the rate of natural increase. birth death emigration immigration user: when determining the "projected population change," a negative percentage indicates the population is expected to decline.
<span>It
provides choices for employment, encourages innovation and competition and
freedom for the individual to choose what the market provides. These advantages also results to low costs, increases
chances for wealth and a variety of goods and services. It also motivates us to
take part in economic activity.</span>
