In the Context of Factors of Production, the Value of All

question 42

Multiple Choice

In the context of factors of production, the value of all natural resources tends to:

• A) rise with high demand, low supply, or both.
• B) fall when the demand is high, irrespective of the rate of supply.
• C) fall when the supply is low, irrespective of the rate of demand.
• D) rise with low demand, high supply, or both.

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Definitions:

Gaining Power

The process of acquiring increased control or influence over others or oneself, often involving social, political, or personal advancement.

High Conscientiousness

A personality trait characterized by being diligent, careful, thorough, organized, and thoughtful in one's actions or decisions.

Researching

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Manager Performance

Refers to the efficiency and effectiveness with which a manager achieves the goals and objectives of their role.