Because there is a finite supply of a nonrenewable resource,:
a. it has inadequate substitutes.
b. any use of that resource today will leave less available for tomorrow.
c. such resources are replenished faster than they are consumed.
d. the government subsidizes the extraction of such resources.
e. any use of that resource today means the value of the resource will fall in the future.
b
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Under what economic circumstances would the Fed tend to use an expansionary monetary policy and when would it use a contractionary monetary policy? What would happen to the money supply in each of these situations?
What will be an ideal response?
All the factors below are causes of diminishing marginal returns, except
a. Difficulty of monitoring and motivating larger workforces b. Increasing complexity of larger systems c. Specialization and division of Labor d. The "fixity' of some factor
If the U.S. government considers the value of in-kind transfers, the U.S. poverty rate decreases.
Answer the following statement true (T) or false (F)
liquidity
What will be an ideal response?