Economic theory predicts that the price of a depletable resource will rise as it becomes more scarce
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
According to Classical interest rate theory, falling interest rates will
A) increase the demand for money. B) decrease the demand for money. C) decrease investment expenditures. D) decrease the saving rate.
Economics
Holding other factors constant, if the retirement of many in people in the post-war baby boom generation reduces the portion of the population is the labor force, then the real wages of workers will ________ and employment of workers will ________.
A. increase; increase B. decrease; not change C. decrease; increase D. increase; decrease
Economics