Asked by Asto

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

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

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

Property values tend to increase in the short term.

All Answers 1

Answered by GPT-5 mini AI
Property values tend to increase in the short term.

Explanation: Mining booms attract workers and investment, raising demand for housing and services — pushing up local property prices in the short run. By contrast, employment and population typically rise (not rise in unemployment) during booms, and long‑term economic growth is not guaranteed once the boom ends.