Natural resources acquire a monetary value through:
A) exchange in a marketplace
B) the interest rates set by the central bank of a country
C) legislative elections and other political acts
D) longevity in the culture
E) cultural diffusion

Question

Quizplus · Accepted Answer

Natural resources acquire a monetary value through exchange in a marketplace, where their supply and demand determine their price. This is the most common and widely accepted way of determining the value of natural resources. The other options, such as interest rates, political acts, longevity in culture, and cultural diffusion, may indirectly affect the value of natural resources but are not the primary factors in determining their worth.

Natural Resources Acquire a Monetary Value Through