Multiple Choice
How are the economic forces that govern renewable resources different than those that govern non-renewable resources?
A) Non-renewable resources must be protected by government policies to prevent depletion.
B) Once non-renewable resources are used up they are gone forever.
C) Both renewable and non-renewable resources have become scarcer over time so the economic forces at work are the same.
D) Renewable resources are not subject to the laws of economics since the scarcity condition no longer holds.
Correct Answer:
Verified
Correct Answer:
Verified
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