As Driveless Technologies Are Developed We Anticipate That 1

question 66

Multiple Choice

As driveless technologies are developed we anticipate that 1.6 million long-distance truck drivers will be at risk of losing their jobs. This situation is an example of

• A)a personal crisis.
• B)a trouble.
• C)an issue.
• D)an opportunity.

---

Definitions:

Oil Reserves

Quantities of crude oil that are confirmed to be recoverable under current economic and operating conditions.

Hotelling Rule

A principle from the economics of non-renewable resource management suggesting that the net price of a resource should increase at the rate of interest over time to ensure efficient extraction and usage.

Marginal Cost

The expense incurred from manufacturing an extra unit of a product or service.

Hotelling Rule

An economic theory that predicts how the price of a non-renewable resource should rise over time, balancing between resource depletion and the interest rate.