The Supply Curve of a Depletable Natural Resource Is Usually

question 146

Multiple Choice

The supply curve of a depletable natural resource is usually

• A)downward sloping because the resource runs out over time.
• B)upward sloping because more of the resource can be profitably extracted at higher prices.
• C)upward sloping because the price of the resource rises at the rate of inflation.
• D)vertical because the supply of the resource is fixed.

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Definitions:

Direct Approach

A communication style that is straightforward and to the point, without unnecessary details or digressions.

Negative Message

Communication that conveys a refusal, denial, or unfavorable information in a tactful way.

Positive Statement

An assertion that can be tested and validated, often used in economics to describe facts without judgment.

Negative Message

Communication that conveys a refusal, rejection, or bad news in a way that aims to maintain a good relationship with the recipient.