Which of the Following Would We Expect to Happen with Prices

question 84

Multiple Choice

Which of the following would we expect to happen with prices or quantities of natural resources if they were becoming scarcer?

• A)We would expect prices to be rising relative to other prices, as they have been.
• B)We would expect prices to be rising relative to other prices, but this has not occurred.
• C)We would expect known quantities to be increasing, as they have been.
• D)We would expect known quantities to be falling, but this has not occurred.

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Definitions:

Decision Making

The cognitive process of selecting a course of action among several alternatives, often involving judgment, evaluation, and reasoning.

Organizations

Groups or entities that are structured and managed to meet a particular objective or set of objectives, ranging from businesses to nonprofits.

Boss

A person who is in charge of a worker or organization and has the authority to make decisions and give orders.

Explicit Memory

A type of long-term memory involving conscious recall of facts and experiences.