In the market for both renewable and nonrenewable resources, the timing of the use of resources depends on:

a. the alternatives uses to which the resource is put.
b. the market rate of interest.
c. the availability of substitutes.
d. the elasticity of demand for resources.
e. government regulations.


b

Economics

You might also like to view...

In the above figure, what is the amount of consumer surplus at the efficient quantity?

A) $0 B) $1,000 C) $2,000 D) $4,000

Economics

When the marginal revenue resulting from a decrease in price is negative, demand for the product is:

A) elastic. B) unit elastic. C) inelastic. D) cannot be determined without more information.

Economics

When bond prices go down, interest rates go ___________.

Fill in the blank(s) with the appropriate word(s).

Economics

The two flows, or things being exchanged, in the circular flow model are:

A. inputs and outputs. B. imports and exports. C. inputs/outputs and money. D. land and labor.

Economics