Question

1. Which of the following statements is incorrect about the nonrenewable natural resources?

1. The price of natural resources has an upward trend over time.
2. Technological progress is responsible for the declines in pollution and leveling off of energy use over time.
3. Depletion of natural resources have a negative impact on economic growth.
4. Pollution levels and income per capita have an inverse U-shaped relationship.

Answer 1

Option A is correct because stock of natural resources tends to declien over time which result in shortage of it and cause price to rise in long run.

Option B is correct as technological progress can raise the efficiency of natural resources which decline pollution level.

Option C is incorrect because depletion of natural resources show positive economic growth most of the times.

Option D is correct as pollution level first rise with rise in income per capita and then start declining after touching its peak because economy shift from industry intensive to service intensive.

answered by: anonymous