Predictions of Severe Shortages Due to Impending Natural Resource Depletion

Multiple Choice

Predictions of severe shortages due to impending natural resource depletion

A) are widely accepted by resource economists even though such predictions are a relatively new occurrence.
B) have been wrong in the past, but most resource economists believe that the threat of resource depletion is now far more severe than ever before.
C) are typically made without adequate recognition and consideration of resource price elasticities.
D) typically assume that price elasticities are greater than they really are.