question archive Suppose that changing climate conditions results in a shortage of wood
Suppose that changing climate conditions results in a shortage of wood
Subject:EconomicsPrice: Bought3
Suppose that changing climate conditions results in a shortage of wood. Which of the following is the most likely consequence of this shortage?
a. Paper, which is made from wood, would be rendered obsolete by continued technological advancement.
b. No one has any idea, but the market system will sort everything out for us, and make sure we continue to use wood in the most valuable ways possible.
c. Houses would be torn down, and the wood used to make them recycled towards more valuable uses. New houses would be built with other materials.
d. Local governments would restrict the use of wood for burning in fireplaces, as this is not a necessary use.
