Which one of the following statements is true?
a. A static reserve index will indicate a longer resource lifetime than an exponential reserve index
b. A reserve base index indicates a longer resource lifetime than a reserve index
c. Most non-renewable resource prices have increased over the past 40 years
d. Eventually all physical reserves of non-renewable resources will be depleted
e. The price path for a non-renewable resource typically looks like an inverted U shape
Ans: a. A static reserve index will indicate a longer resource lifetime than an exponential reserve index
You might also like to view...
If TC = 321 + 55Q - 5Q2, then average total cost at Q = 10 is:
a. 10.2 b. 102 c. 37.1 d. 371 e. 321
According to the law of diminishing returns, what will happen if a population increases with no corresponding increase in other resource inputs?
a. Output per capita will eventually rise sharply b. Output will rise, but by ever smaller amounts. c. Output will eventually cease altogether. d. Workers will become increasingly efficient.
New trade theory states that some countries specialize in the production and export of a particular product because
What will be an ideal response?
Explain what critics see as the problems with social regulation
What will be an ideal response?