What is true of depletable resources is that
A)increasing scarcity leads to their total disappearance.
B)they are depleted by gradually using up the supply of homogeneous resources, every unit of which is equally available.
C)generally the most accessible and cheapest sources are used up so that new supplies become more costly.
D)their prices must rise at the average rate of inflation.

Question

Quizplus · Accepted Answer

Depletable resources are finite and once the most accessible and cheapest sources are used up, it becomes more costly to extract new supplies. This leads to increasing scarcity and higher prices. Option A is not always true as some depletable resources can be partially replenished over time. Option B is not true as depletable resources can have varying quality and accessibility. Option D is not true as a resource's price is influenced by various factors beyond inflation.

What Is True of Depletable Resources Is That