In the context of factors of production, the value of all natural resources tends to:
A) rise with high demand, low supply, or both.
B) fall when the demand is high, irrespective of the rate of supply.
C) fall when the supply is low, irrespective of the rate of demand.
D) rise with low demand, high supply, or both.

Question

Quizplus · Accepted Answer

The value of natural resources typically rises when there is high demand and/or low supply, as scarcity or increased need drives up prices.

In the Context of Factors of Production, the Value of All