The User Cost of Extracting a Nonrenewable Resource Is

question 177

Multiple Choice

The user cost of extracting a nonrenewable resource is

• A) the sum of the dollar expenditures incurred to extract the resource.
• B) the cost of not being able to extract it in the future if it is extracted and sold in the present.
• C) the selling price of the resource to the companies using it to produce goods and services.
• D) directly proportional to how much of the nonrenewable resource remains.

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Definitions:

Public Function

An activity or service that is traditionally the responsibility of the government and is performed or carried out for the benefit of the public.

State Regulation

The oversight and control by a state government over certain activities, industries, or professions within its jurisdiction.

Federal Action

Any legal actions initiated or enforced by the federal government or its agencies.

Commercial Speech

Speech or messages that do primarily involve the marketing and sale of products and services, and is subject to greater governmental regulation.