Prices in resource markets
A) provide users with information concerning the relative scarcity of resources.
B) encourage the use of a resource now if its price is expected to rise in the future.
C) provide suppliers with little incentive to develop more of those resources that are intensely demanded by users.
D) have little impact on productive decisions unless they are closely regulated by the government.

Question

Quizplus · Accepted Answer

Prices in resource markets signal the relative scarcity of resources, guiding both consumers and producers in their decision-making processes.

Prices in Resource Markets