What is the name of the following proposition: "Technological progress that increases the efficiency with which a resource is used, tends to increase (rather than decrease) the rate of consumption of that resource"?
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Miller's paradox
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William's paradox
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Jevons paradox
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Henry's paradox
C
Correct answer
Explanation
Jevons Paradox, named after economist William Stanley Jevons, states that technological progress that increases the efficiency of resource use tends to increase (rather than decrease) the rate of consumption of that resource. It was observed in coal consumption during the Industrial Revolution.