What Indicates Greater Scarcity of a Natural Resource

question 50

Multiple Choice

What indicates greater scarcity of a natural resource?

• A) an increase in its demand
• B) a decrease in its supply
• C) an increase in its price
• D) a decrease in its stock

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Definitions:

Aging Population

The demographic trend characterized by an increase in the proportion of elderly people in the population, often leading to shifts in healthcare, pension, and labor market policies.

Electronically Submit

The process of sending or filing documents using electronic means such as email or online forms.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, usually measured by the rise in Gross Domestic Product (GDP).