The Use of Present Value Calculations in Valuing Natural Resources

question 121

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.

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Definitions:

Anatomically Modern

Refers to Homo sapiens who have physical characteristics similar to those of humans today, emerging about 200,000 years ago.

Anatomically Modern Humans

Homo sapiens characterized by anatomical features similar to those of contemporary humans, emerging approximately 300,000 to 200,000 years ago.

Lumpers

Individuals or scholars who prefer to classify information or objects into broad categories, minimizing differences within those categories.

Splitters

Individuals or researchers who emphasize distinctions and differences when categorizing objects or species, often in the context of taxonomy.