Prices in Resource Markets

question 6

Multiple Choice

Prices in resource markets

• A) provide users with information concerning the relative scarcity of resources.
• B) encourage the use of a resource now if its price is expected to rise in the future.
• C) provide suppliers with little incentive to develop more of those resources that are intensely demanded by users.
• D) have little impact on productive decisions unless they are closely regulated by the government.

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Definitions:

Palpebrae

The medical term for eyelids, the movable skin covering the eyeball that protects it from injury and aids in the distribution of tear fluid.

Levator

A term referring to any muscle used for lifting or raising body parts.

Hordeolum Externum

Hordeolum Externum is a bacterial infection of the glands at the base of the eyelashes, commonly known as an external stye.

Refract Light Rays

The bending of light as it passes from one substance into another substance that has a different density, a fundamental principle in optics.