In a Free Market for Depletable Natural Resources, Any Shortage

question 32

Multiple Choice

In a free market for depletable natural resources, any shortage where there is an excess of quantity demanded over quantity supplied must be

• A)expected as a matter of course.
• B)due to a price floor.
• C)the result of discovery of new deposits of the resources.
• D)artificial.

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Definitions:

Behavioural

Pertaining to the actions or reactions of a person or animal in response to external or internal stimuli.

Process Skills

Abilities that enable an individual to effectively manage and execute a series of actions or steps to achieve a particular outcome.

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The process of taking legal action; a lawsuit or legal proceedings in a court.

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