Which of the Following Lowers the Current Price of an Nonrenewable

question 61

Multiple Choice

Which of the following lowers the current price of an nonrenewable natural resource?

• A) an increase in the interest rate
• B) a decrease in the stock of the resource
• C) an increase in the marginal revenue product of the resource
• D) an increase in the price of a substitute resource

---

Definitions:

International Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold, facilitating international trade and investment.

Exports

Products or services traded or sold from one nation to another.

Imports

Purchased goods or services brought into one country from another.

Financial Account

A component of the balance of payments that records transactions of financial assets between a country and the rest of the world.