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

Question

Responses

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.

The population tends to grow in the long term.

Answer 1

The true statement about mining booms is:

Property values tend to increase in the short term.

During mining booms, increased demand for housing and services by workers can lead to a rise in property values. The other statements about unemployment rates, long-term economic growth, and population growth may not hold true in all mining boom contexts, as these factors can vary depending on various economic and social dynamics.