Which of the Following Statements Is False

question 188

Multiple Choice

Which of the following statements is false?

• A)In a competitive market, the price mechanism encourages conservation of a depletable resource.
• B)As the price of a depletable resource rises, its known reserves often increase.
• C)Prices of depletable resources have risen in the twentieth century primarily because resource producers have exercised monopoly or oligopoly power.
• D)Shortages of depletable resources occur primarily when governments or others interfere with the price mechanism.

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Definitions:

Controllable Variance

The difference between actual and expected outcomes that can be directly managed or influenced by a responsible party.