Changes in the prices of most natural resources compared to other goods indicate that natural resources are generally becoming scarcer.

Question

Quizplus · Accepted Answer

Despite fluctuations in market prices, the long-term trend in the prices of many natural resources, when adjusted for inflation, has been stable or even declining, suggesting improvements in extraction technology, resource substitution, and efficiency gains rather than an overall increase in scarcity.

Changes in the Prices of Most Natural Resources Compared to Other