Question: The long-run downward trend in commodity prices is consistent with the idea that: a. We are quickly running out of resources. b. Resource demands have

The long-run downward trend in commodity prices is consistent with the idea that:

a. We are quickly running out of resources.

b. Resource demands have been increasing faster than resource supplies.

c. Birthrates will soon increase due to the falling cost of living.

d. Resource supplies have increased faster than resource demands.

Step by Step Solution

★★★★★

3.53 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer d Resource supplies have increased faster than resource deman... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

1438_6054778b0fc76_651721.pdf

180 KBs PDF File

Word file Icon

1438_6054778b0fc76_651721.docx

120 KBs Word File

Students Have Also Explored These Related Microeconomics Principles Questions!

Q:

1. Purchase price premiums contain a synergy premium and a control premium. The control premium represents the amount an acquirer is willing to pay for the right to direct the operations of the...

Q:

The idea of using the difference between the market value of the firm and accounting book values as an indicator of market power and/or valuable intangible assets stems from the pioneering work of...

Q:

As described in the chapter, the Federal Reserve in 2008 faced a decrease in aggregate demand caused by the housing and financial crises and a decrease in short-run aggregate supply caused by rising...

Q:

1. The long-run downward trend in commodity prices is consistent with the idea that: LO19.1 a. We are quickly running out of resources. b. Resource demands have been increasing faster than resource...

Q:

1. The long-run downward trend in commodity prices is consistent with the idea that [LO19B.1] a. We are quickly running out of resources b. Resource demands have been increasing faster than resource...

Q:

dandone case Danone 2017: Inspires us Interview with Emmanuel Faber (CEO) 2017 has been a pivotal year for the execution of our transformation agenda through strategic actions. A year of intense...

Q:

The next three question use data from the BMC 3/31/2013 10-K, which can be viewed by clicking here. You are doing a Comparable Companies analysis for BMC. After the Company issued its 10-K, the...

Q:

case study (sumnary ) Chapter 1 An Investment Perspective of Human Resource Management READING 1.1 The India Way: Lessons for the U.S. Peter Cappelli, Harbir Singh Jitendra Singh, and Michael Useem...

Q:

Case Summary Read the Discussion Assignment 2-1 on p.34 of the text Technology Adoption by Small Manufacturers. Consider yourself as a health care leader in a small not-for-profit hospital. You have...

Q:

Most of the world's economic output is produced by China and Russia the U.S. and Japan the U.S. and the European Union China and Japan Russia and the European Union A multiple-choice question with...

Q:

A piece of laborsaving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow...

Q:

Compute the missing amounts, and complete the statements of the Blauvelt Company (Hint: Complete the Income Statement first) BLAUVELT COMPANY BALANCE SHEET AS OF DECEMBER 31, 2018 Cash? Current...

Q:

Which of the following should NOT influence the change to an established strategic asset allocation? Change in client s risk tolerance Change in client s net worth Recent market returns

Q:

50. Mileage tests are conducted for a particular model of automobile. If a 98% confidence interval with a margin of error of 1 mile per gallon is desired, how many automobiles should be used in the...

Q:

Suppose the assets of the Silver Lode Bank are $100,000 higher than on the previous day and its net worth is up $20,000. By how much and in what direction must its liabilities have changed from the...

Q:

How would a decrease in the reserve requirement affect the (a) size of the money multiplier, (b) amount of excess reserves in the banking system, and (c) extent to which the system could expand the...

Q:

How would a decrease in the reserve requirement affect the (a) size of the money multiplier, (b) amount of excess reserves in the banking system, and (c) extent to which the system could expand the...

Q:

What will happen when you start vim without specifying a file name

Q:

Suppose that the market can be described by the following three sources of systematic risk with associated risk premiums. Factor Industrial production (I) Interest rates (R) Consumer confidence (C)...

Q:

1. A benefit of the related measures design is a.it gets rid of the individual differences confound b.both answers are correct c.it may require a smaller sample,and thus be easier to conduct. 2. The...