It is frequently claimed that the current pace of economic growth will soon cause reserves of material resources, such as minerals and oil, to be used up. What does this argument overlook?
- Athe drawbacks of present GDP levels as an indicator of the ‘happiness’ of the population
- Bthe effect of increasing resource prices on the discovery and exploitation of new reserves
- Cthe right of future generations to enjoy present standards of living
- Dthe role of education in economic development