Question 1: Which of the following are considered nonrenewable resources?Select all that apply.OilFishTreesNatural gasWheatQuestion 2: According to Hotelling’s Rule:Select all that apply.The price of a nonrenewable resource will grow based on the interest rateNonrenewable resource rent is maximized when the growth of the resource price equals the interest rateIf the price of a nonrenewable resource grows faster than the interest rate then there is an incentive to extract the resource quicklyOppo … View More

| April 14, 2018

Question 1: Which of the following are considered nonrenewable resources?Select all that apply.OilFishTreesNatural gasWheatQuestion 2: According to Hotelling’s Rule:Select all that apply.The price of a nonrenewable resource will grow based on the interest rateNonrenewable resource rent is maximized when the growth of the resource price equals the interest rateIf the price of a nonrenewable resource grows faster than the interest rate then there is an incentive to extract the resource quicklyOppo … 

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