Which of the Following Would Tend to Raise the Price

question 141

Multiple Choice

Which of the following would tend to raise the price of a natural resource?

• A)If more of it was discovered.
• B)If its marginal revenue product decreased.
• C)If the interest rate decreased.
• D)Graphically,if the demand curve for it shifted to the left.

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Definitions:

Skinner

B.F. Skinner, an American psychologist and behaviorist known for his work in developing the theory of operant conditioning, which involves learning through rewards and punishments.

Method

A systematic way of doing something, often involving a detailed and established procedure or technique.

Industrial and Organizational Psychologists

Psychologists who apply psychological theories and principles to organizations and the workplace to solve problems and improve the quality of work life.

Productivity

A measure of the efficiency of a person, machine, system, etc., in converting inputs into useful outputs.