The Case in Point on Betting on Natural Resource Prices

question 5

Multiple Choice

The Case in Point on Betting on Natural Resource Prices indicated that exhaustible resource prices:

• A) increased over time confirming the argument that we will run out of such resources.
• B) decreased over time confirming that substitutions, new discoveries, and new technologies outweigh increased demand.
• C) increased in developed countries and decreased in developing countries.
• D) have not followed a single, consistent pattern over time.