Use the Information Below to Answer the Following Questions

question 32

Multiple Choice

Use the information below to answer the following questions.
Fact 17.4.1
Water is a natural resource that is plentiful in Canada but not plentiful in Arizona and southern California.Suppose Canadians start to export bulk water to Arizona and southern California.
-Refer to Fact 17.4.1.The Hotelling Principle ________ apply to Canada's water because the Hotelling Principle ________.

• A)does;applies to renewable resources and water is a renewable resource
• B)does;only applies when the interest rate is falling
• C)does not;applies to nonrenewable resources but water is a renewable resource
• D)does not;only applies when the interest rate is rising
• E)does;applies when interest rates are relatively low

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Definitions:

Supremacy Of Parliament

The principle that the legislative body has the highest authority within the jurisdiction, whose laws cannot be superseded or altered by other forms of government.

Parliamentary Supremacy

A principle of UK constitutional law that holds Parliament as the supreme legal authority, capable of creating or ending any law.

Charter Of Rights And Freedoms

A constitutional document that outlines fundamental freedoms and rights available to citizens in a country.

Democratic Rights

Rights that support the functioning of a democracy, including voting, free expression, and the right to participate in political activities.