Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 25 - Part IX - Production and Growth - Quick Check Multiple Choice - Page 546: 3

Answer

d. not concerned, fall

Work Step by Step

Since the rate of technological progress historically outpaces the rate of natural resource consumption, the prices of most natural resources usually fall over time. In this case, economists are not very concerned that natural resources will inhibit further economic growth.
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