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.

---

Definitions:

Part-Time Job

Employment with fewer hours per week than a full-time position, typically offering more flexibility.

Slice of Pizza

A triangular portion of a pizza pie, often sold individually as a quick meal or snack option.

Marginal Decision Making

The process of evaluating the benefits and costs of small (or marginal) adjustments to an existing course of action.

Economic Concept

A theoretical construct that represents ideas or theories within economics to explain various aspects of the economy, such as supply and demand, inflation, or growth.