Skeptics have been historically incorrect about
A)the depletion of earth's most valuable resources.As resource prices increase, more discoveries have been made.
B)market-based approaches in reducing pollution.Zero pollution has been achieved.
C)the depletion of earth's most valuable resources.As resource prices decrease, firms are incentivized to sell all their holdings before prices continue to fall.
D)state owned firms.They traditionally perform better than markets with pollution charges.

Question

Quizplus · Accepted Answer

Skeptics have often predicted that the depletion of earth's resources like oil, natural gas, and various metals would lead to scarcity and skyrocketing prices. However, market forces have incentivized exploration and discovery of new reserves, leading to a continuous supply of these resources despite the constantly increasing demand.

Skeptics Have Been Historically Incorrect About