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.

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.

Property values tend to increase in the short term.

Answer 1

Property values tend to increase in the short term.

Reason: Mining booms draw in workers and capital quickly, raising local demand for housing and services while supply is slow to respond, which pushes up rents and property prices.