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:

Diarrhea

A common condition characterized by frequent, loose, or watery stools, significantly more so than the normal bowel movement pattern.

Hypertonic Solution Enema

A type of enema using a solution that has a higher concentration of solutes than the body fluids, often used to draw water out of the colon.

Osmotic Pressure

Pressure exerted by the number of nondiffusable particles in a solution; the amount of pressure needed to stop the flow of water across a membrane.

Sodium Phosphate

An inorganic compound used in various applications, including as a laxative, a food additive, and in dental products.