The Market's Role Is to Ensure That Nonrenewable Resources Are

question 28

Multiple Choice

The market's role is to ensure that nonrenewable resources are allocated across time to where they are most highly valued.This implies,if more is used today:

• A)the future supply curve shifts downward.
• B)financial investments offer a lower rate of return.
• C)the return on saving the resource for future use rises.
• D)the expected demand for the resource in the future is low.
• E)technological advancement will guarantee a steady future supply.

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Definitions:

Neural Circuits

Networks of neurons interconnected to process and transmit information through electrical and chemical signals.

Eric Kandel

A neuroscientist known for his research on the physiological basis of memory storage in neurons.

B. F. Skinner

An American psychologist best known for developing the theory of behaviorism and for his work on operant conditioning.

Sigmund Freud

An Austrian neurologist and founder of psychoanalysis, known for his theories on the unconscious mind and psychosexual development.