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    Exam 16: The Economics of the Environment, and Natural Resources
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    If One Adopts a Pure Free-Market Approach to Depletable Resources
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If One Adopts a Pure Free-Market Approach to Depletable Resources

Question 83

Question 83

Multiple Choice

If one adopts a pure free-market approach to depletable resources, then one can expect the price of resources to


A) rise steadily.
B) fall steadily.
C) fluctuate in a random-walk fashion.
D) remain unchanged.

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