Answered

Which of the following statements about mining booms is true?
Property values tend to increase in the short term.
The population tends to grow in the long term.
The economy tends to grow in the long term.
O Unemployment rates tend to increase in the short term.

Answer :

Erudite1

Answer:

The correct option is this: THE ECONOMY TENDS TO GROW IN THE LONG TERM.

Explanation:

Mining boom refers to increase in capital spending for the purpose of putting in place infrastructures that are used in mining process of specific mineral resources.

Pumping of capital into mining process is a form of financial investment that is targeted at improving the economy of the nation in the long run. Pumping of capital into mining business usually reduces the unemployment rate in a nation and increase the output of the mining business.

This ultimately leads to increase in then nation's economy; this is reflected by increase in the GDP of the country.

Ashiyra

Answer:

Its actually B. Property values tend to increase in the short term.

Explanation:

Other Questions