Profit-Maximizing Extraction Companies Will Attempt to

question 88

Multiple Choice

Profit-maximizing extraction companies will attempt to

• A) extract resources as quickly as possible.
• B) delay extraction as long as possible.
• C) find rates of extraction that maximize the flow of profits over time.
• D) extract resources at a constant rate every year to minimize price fluctuations.

---

Definitions:

Other-race Effect

The tendency to more easily recognize faces of the race that one is most familiar with, which is often one's own race.

Scapegoat Theory

The theory that prejudice offers an outlet for anger by providing someone to blame.

Just-world Phenomenon

The cognitive bias to believe that the world is fundamentally fair, leading individuals to rationalize unjust situations by blaming the victims.

Ingroup Bias

The tendency to favor members of one's own group over those in other groups.