Use the Information Below to Answer the Following Questions

question 48

Multiple Choice

Use the information below to answer the following questions.
Fact 18.4.1
Water is a natural resource that is plentiful in Canada but not plentiful in Arizona and southern California. Suppose Canadians start to export bulk water to Arizona and southern California.
-Refer to Fact 18.4.1. The Hotelling Principle ________ apply to Canada's water because the Hotelling Principle ________.

• A)does; applies to renewable resources and water is a renewable resource
• B)does; only applies when the interest rate is falling
• C)does not; applies to nonrenewable resources but water is a renewable resource
• D)does not; only applies when the interest rate is rising
• E)does; applies when interest rates are relatively low

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Definitions:

B2B Sales Call

A business communication where one company pitches its products or services to another company.

Legally Accountable

The obligation to be answerable for actions or decisions according to the law.

Selling Process

A series of steps taken by a salesperson to identify and qualify potential buyers, present a product or service, address objections, and close the sale.

Retail Shoe

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