A "Backstop Resource" Is a Close Substitute for a Depletable

question 167

Multiple Choice

A "backstop resource" is a close substitute for a depletable resource that is available in almost unlimited supply but at a higher cost.Shale oil is a backstop resource for crude oil.Which of the following statements is correct?

• A)The production of shale oil is likely to increase over time even if crude oil is still available.
• B)Shale oil is unlikely to be produced until all the crude oil has been depleted.
• C)The existence of shale oil as a backstop resource will discourage firms from seeking new reserves of crude oil.
• D)In the future, shale oil is likely to be produced at the same time as crude oil and to sell for a lower price.

---

Definitions:

Political Support

Backing or endorsement for political causes, parties, or candidates, often manifesting through votes, donations, or public advocacy.

Bloc Québécois

A federal political party in Canada that advocates for the interests of Quebecers and promotes Quebec sovereignty.

Political Party

An organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Social Movement

A collective effort by a large group of people aiming to promote or resist change in the society regarding specific social issues.