As the stock of a depletable resource falls, its user cost
A) rises.
B) falls.
C) is unchanged, but its price rises.
D) is unchanged, but the extraction cost rises.
E) is unchanged, but its true cost rises.
A
Economics
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Which of the following is true? a. Even intangible goods can be subjected to economic analysis
b. Wealthy individuals who decide to donate money to charity face the constraints of scarcity. c. Increases in production would not enable us to eliminate scarcity. d. All of the above
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The invisible hand of the marketplace acts to allocate resources efficiently, but it does not necessarily ensure that resources are allocated fairly
a. True b. False Indicate whether the statement is true or false
Economics