The behavior of market prices over time indicates that natural resources are
A)a limit to economic growth.
B)unrelated to economic growth.
C)not a limit to economic growth.
D)the major determinant of productivity.

Question

Quizplus · Accepted Answer

The behavior of market prices over time, particularly the decreasing real prices of many natural resources, suggests that technological advancements and efficiency improvements have allowed economies to grow without being limited by natural resource constraints. This indicates that natural resources are not a limit to economic growth, as we have found ways to use them more efficiently or substitute them with other resources or technologies.

The Behavior of Market Prices Over Time Indicates That Natural