Multiple Choice
If the price of a depleting resource does not rise as anticipated, it may be because:
A) new reserves of the resource were discovered.
B) new methods of mining or refining were developed.
C) price controls were passed by law.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Economists consider environmental pollution to be a(n)<br>A)externality.<br>B)pure
Q38: Direct controls often require long legal proceedings
Q56: In contrast to the need for legal
Q76: Under perfect competition, the price of a
Q136: Economists believe it is feasible and desirable
Q172: A tax on polluting emissions will<br>A)provide incentives
Q176: The government prefers a market-based approach to
Q212: According to economic theory, under perfect competition,
Q213: The reason why cleanup costs are lower
Q215: One of the virtues of rising resource