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QUESTION

If real extraction costs do not change, the relative price of a finite resource would be expected to A.fall over time.remain constant over time.

  1. If real extraction costs do not change, the relative price of a finite resource would be expected to

A.fall over time.B.remain constant over time.C.rise at a rate given by the nominal rate of interest.D.rise at a rate given by the real rate of interest.

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