The greatest incentive for conserving scarce resources and using them in the most productive ways comes when: A government agency is put in charge of researching and allocating the resource. The free market is allowed to function with few hindrances from government regulation. The government owns all the natural resources of the country. Socialism is fully in place.

Natural Resources are materials from the Earth that are consumed to help life and address…

Answered: The greatest incentive for conserving…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The greatest incentive for conserving scarce resources and using them in the most productive ways comes when:

		A government agency is put in charge of researching and allocating the resource.
		The free market is allowed to function with few hindrances from government regulation.
		The government owns all the natural resources of the country.
		Socialism is fully in place.

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