What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents? A. Depletion B. Inflation C. Depreciation D. Deflation

The correct answer is A. Depletion.

Depletion is the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents.

Inflation is a general increase in prices and fall in the purchasing value of money.

Depreciation is a decrease in the value of an asset over time due to wear and tear, obsolescence, or market conditions.

Deflation is a decrease in the general price level of goods and services.