One reason that the predictions of the Club of Rome have not come to fruition is because
A)prices are not exogenous
B)global economic growth has slowed
C)resources are more plentiful than first believed
D)conscientious consumers reduce reuse and recycle

Question

Quizplus · Accepted Answer

The Club of Rome's predictions were based on models that assumed prices were exogenous, meaning they did not change in response to scarcity. However, in reality, prices adjust based on supply and demand, which can lead to conservation and innovation, mitigating the predicted outcomes.

One Reason That the Predictions of the Club of Rome