Asked by
Sophia Wright
on Nov 26, 2024
Verified
Global resource demand has
A) remained relatively constant because increases in population have been offset by declining consumption per person.
B) declined because of technological progress.
C) remained constant because population growth and increased consumption per person have been offset by technological progress.
D) increased because population growth and increased consumption per person have more than offset reduced demand due to technological progress.
Global Resource Demand
The worldwide need or desire for resources such as energy, minerals, and agricultural products, driven by population growth and economic development.
Technological Progress
Advances in technology that improve the efficiency of production processes, leading to higher output with the same or lower input levels.
- Evaluate the impact of technological advancement on the demand for resources and the pricing of commodities.
Verified Answer
LD
Learning Objectives
- Evaluate the impact of technological advancement on the demand for resources and the pricing of commodities.
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