Question

Which of the following statements about mining booms is true?(1 point)
Responses

The population tends to grow in the long term.
The population tends to grow in the long term.

Unemployment rates tend to increase in the short term.
Unemployment rates tend to increase in the short term.

Property values tend to increase in the short term.
Property values tend to increase in the short term.

The economy tends to grow in the long term.
The economy tends to grow in the long term.

Answer 1

Property values tend to increase in the short term.

Explanation: mining booms draw in workers and raise local demand for housing and services, pushing up property values quickly. Population and employment typically rise during the boom (not increase in the long term or unemployment in the short term), while longer-term economic gains are often limited once the boom ends.