Future Reliance on Energy Technologies Such as Tar Sands,shale Oil,and

question 42

Multiple Choice

Future reliance on energy technologies such as tar sands,shale oil,and nuclear power,would be a violation of which of the following?

• A) reversibility principle
• B) net energy principle
• C) precautionary principle
• D) prevention principle
• E) humility principle

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Definitions:

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Economic Profits

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

Normal Profits

The level of profit that is necessary for a company to remain competitive in the market, often seen as the minimum acceptable return.

Short Run

Refers to a period in economics where certain inputs or resources are fixed and cannot be changed, contrasting with the long run where all factors are variable.