All Transboundary Pollution Cases Must Be Tried Before the International

question 15

True/False

All transboundary pollution cases must be tried before the International Court of Justice.

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Definitions:

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.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the principal amount per time period.

NPV

Net Present Value, a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.