The Overall Trend in Resource Prices Has Been
The overall trend in resource prices has been A)upward. B)downward. C)constant. D)increasing exponentially.
How are the economic forces that govern renewable resources different than those that govern non-renewable resources? A)Non-renewable resources must be protected by government policies to prevent depletion. B)Once non-renewable resources are used up they are gone forever. C)Both renewable and non-renewable resources have become scarcer over time so the economic forces at work are the same. D)Renewable resources are not subject to the laws of economics since the scarcity condition no longer holds.
When natural resources are not traded,or where markets are not allowed to function as well as they can under a system of well-defined property rights,the problems of ____ and ____ are common. A)higher taxes;increased regulation B)waste;scarcity C)inflation;unemployment D)slow growth;fluctuating currency values
Why do water supply problems exist in many parts of the world? A)Efforts to build large-scale reservoirs in arid countries have stalled due to the enormous expense involved in completing these projects. B)Water markets are missing or incomplete. C)Global warming has increased the evaporation rate of water by over 10%. D)The water supply is unfit for public consumption in many areas due to pollution.