The Markets for Renewable and Nonrenewable Resources Operate to Ensure

question 36

Multiple Choice

The markets for renewable and nonrenewable resources operate to ensure that:

• A)the producers using these resources earn above-normal profits even in the long run.
• B)the current and future prices of such resources remain high.
• C)the cost of extraction of such resources increase with increase in price.
• D)the current price of such resources should remain low but the future prices should increase to increase profitability of the producers.
• E)the current and future wants for these resources are satisfied in the least costly manner.

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Definitions:

Sigma Complex

An intermediate in certain chemical reactions characterized by a fully saturated carbon atom bonded to a metal center.

Generic Electrophile

A broadly defined electron-deficient species capable of forming new bonds by accepting a pair of electrons from a nucleophile.

Electrophilic Iodination

A chemical reaction involving the addition of iodine to a substrate via an electrophilic attack.

Aromatic Ring

A stable, planar ring of carbon atoms interconnected by alternating single and double bonds, exhibiting delocalized π-electron cloud.