The Trade-Off That Exists Between Harvesting as Much as Possible

question 8

Multiple Choice

The trade-off that exists between harvesting as much as possible of a renewable resource today versus waiting for the future exemplifies the ________ of many natural resource management issues.

• A)sustainability
• B)intertemporal dimension
• C)short-run impact
• D)efficiency

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Definitions:

Long-Term Effects

The impacts or results of a policy, action, or event that manifest or become apparent over a lengthy period.

Pollution

The introduction of contaminants into the natural environment that cause adverse change and harm to ecosystems and human health.

Negative Externality

A cost experienced by a third party who did not choose to incur that cost, often related to environmental, social, or health issues.

Uncompensated Cost

Costs that occur when an action has effects, positive or negative, on third parties without those parties being compensated.