The notion that our ability to conserve natural resources is growing more rapidly than their supplies are dwindling is supported by the fact that
A)most economists do not regard the availability of natural resources as a determinant of productivity.
B)the quantity of natural resources does not enter into any production function.
C)inflation-adjusted prices of most natural resources have been stable or fallen over time.
D)inflation-adjusted prices of most natural resources have risen over time.

Question

Quizplus · Accepted Answer

The fact that inflation-adjusted prices of most natural resources have been stable or fallen over time suggests that our ability to conserve natural resources is growing more rapidly than their supplies are dwindling. This implies that we are becoming more efficient at using natural resources and finding substitutes for scarce resources. Options A and B are incorrect because natural resources do affect productivity and enter into production functions. Option D is also incorrect as it contradicts the statement mentioned in the question.

The Notion That Our Ability to Conserve Natural Resources Is