The notion that our ability to conserve natural resources is growing more rapidly than their supplies are dwindling is supported by the fact that

Question

Quizplus · Accepted Answer

The fact that inflation-adjusted prices of natural resources are stable or falling over time suggests that the supply of natural resources is either stable or growing faster than demand. This could be due to greater efficiency in resource use, innovation in extraction and production, or the discovery of new reserves. Options A and B are incorrect because most economists do recognize the importance of natural resources in economic growth, and many production functions explicitly include natural resources as a factor input. Option D is incorrect because it contradicts the evidence provided in the question.

The Notion That Our Ability to Conserve Natural Resources Is