Natural Resource Costs

question 45

Multiple Choice

Natural resource costs:

• A)include rights, privileges, and benefits of an economic resource that have no physical existence.
• B)are depreciated.
• C)include the cost of the equipment used to extract the natural resource.
• D)include the cost of acquiring the rights to extract natural resources.

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Definitions:

Positive Outcomes

The beneficial results or effects resulting from actions, interventions, or processes.

Partially Satisfy

To meet or fulfill a need, requirement, or condition to some extent but not completely.

Compromise

Occurs when each party to the conflict gives up something of value to the other.

Bargaining

The process of negotiating terms and conditions between two or more parties with the aim of reaching a mutually acceptable agreement.