If a Nonrenewable Resource Such as Oil Suddenly Becomes Scarce

question 10

Multiple Choice

If a nonrenewable resource such as oil suddenly becomes scarce while demand remains constant,the________ .

• A)price of the resource would increase
• B)price of the resource would remain unchanged
• C)demand would cause the supply to increase
• D)price of the resource would decrease

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Definitions:

Supreme Court

The highest federal court in the United States, noted for its power of judicial review to interpret the Constitution.

Criminally Accused

A person or entity that has been charged with a crime or criminal conduct, pending legal proceedings to determine guilt or innocence.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections against abuse of government authority, including rights to due process, protection against self-incrimination, and double jeopardy.

Rights

Legal, social, or ethical principles of freedom or entitlement; fundamental norms regarding what people are allowed to do or have.