Predictions of Severe Shortages Due to Impending Natural Resource Depletion

question 205

Multiple Choice

Predictions of severe shortages due to impending natural resource depletion

• A) are widely accepted by resource economists even though such predictions are a relatively new occurrence.
• B) have been wrong in the past, but most resource economists believe that the threat of resource depletion is now far more severe than ever before.
• C) are typically made without adequate recognition and consideration of resource price elasticities.
• D) typically assume that price elasticities are greater than they really are.

---

Definitions:

Palpebral Fissures

The opening between the upper and lower eyelids, which can vary in size and shape across individuals and can be affected by certain conditions.

Cranial Nerve

These are the twelve nerves that emerge directly from the brain (as opposed to the spinal column) and are responsible for a variety of functions including sensory information and muscle control.

Symmetric

Having parts that match each other in size, shape, and position; being the same on both sides of a dividing line.

Trigeminal Nerve

The fifth cranial nerve responsible for sensation in the face and motor functions such as biting and chewing.