Resource Depletion –coontent– outline what you think would happen to a country’s economy (either our own, another or some hypothetical country) if the scarce and non-renewable resource oil was suddenly all used up throughout the world? Furthermore, taking what we’ve talked about so far, what effects do you think such a change would have on things like factors of production, PPF (diagram), economic growth, etc. and how do you think the economy could or would adapt? Include (upload) diagrams where appropriate.

Order from us and get better grades. We are the service you have been looking for.