Which of the following could be called a virtue of raising prices of depletable resources?
A)It would discourage consumption and waste.
B)It would stimulate more efficient use of resources.
C)It would encourage innovation and discovery of alternatives.
D)All of the above are true.

Question

Quizplus · Accepted Answer

Raising prices of depletable resources would have multiple benefits, making all of the options in the given choices true. Increasing prices would discourage consumption and waste, as people would be more mindful of their usage if they had to pay more for a limited resource. It would stimulate more efficient use of resources as individuals and businesses would seek to maximize their usage to get the most out of what they are paying for. Additionally, higher prices would encourage innovation and the discovery of alternatives to the depletable resource, leading to the development of new technologies and practices that could reduce the reliance on the resource, thereby ensuring its sustainability.

Which of the Following Could Be Called a Virtue of Raising