Agroup of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. they charge the same rate no matter how many children there are, or when the service is needed. then they divide areas of town on a map between them, agreeing to only serve customers within their respective areas. within weeks they have gained most of the business in town, driving out other teens that cannot lower their rates. the babysitting market in your town has become

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.