The Supply Curve of a Natural Resource Like Oil Has

question 157

Multiple Choice

The supply curve of a natural resource like oil has a positive slope because

• A)the supply becomes closer to exhaustion as demand rises.
• B)it becomes more costly to find and develop supplies as demand rises.
• C)rents rise as output increases.
• D)indirect taxes rise with output.

---

Definitions:

Employers

Individuals or organizations that hire workers to perform specific jobs in exchange for compensation.

Trait Anxiety

A personality characteristic that denotes an individual's tendency to perceive a wide range of situations as threatening and respond with anxiety.

Manage Anxiety

Techniques or strategies employed to control feelings of worry and nervousness.

Procedures

Step-by-step instructions designed to perform a specific task or solve a particular problem.