The Use of Present Value Calculations in Valuing Natural Resources

question 257

Multiple Choice

The use of present value calculations in valuing natural resources is important because it

• A)ensures that net benefits are minimized over time.
• B)permits greater extraction of resources in the future.
• C)permits greater extraction of resources in the present.
• D)ensures resources are allocated to their best use over time.

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Definitions:

Navigation

Involves the use of cues to change direction when necessary in order to reach a specific destination; requires a sense of direction, called compass sense, and an awareness of location, called map sense.

Compass Sense

An ability observed in some animals, allowing them to navigate using Earth's magnetic field.

Map Sense

An inherent ability to understand and navigate the spatial environment, often used in reference to animals or humans who can orient themselves without explicit landmarks.

Polygyny

A mating system in which one male mates with multiple females, often found in animal societies.