Which of the following is true about renewable natural resources?
a. They are a type of land resource such as oil, coal, and natural gas that has a fixed stock.
b. They are a type of capital resource such as air filtration systems in buildings that renew and refresh polluted air from the outside.
c. They are a type of land resource such as forests, range-lands, and marine fisheries that naturally regenerate and thus can tolerate a sustained harvest, but can be depleted from excessive harvest.
d. They are a type of capital resource such as irrigation networks and wastewater treatment plants that utilize water.
c
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Harry works at the video rental store for 20 hours per week. He's asked his boss to allow him to work 40 hours per week, but has been told that business is too slow. Harry is considered
A) a discouraged worker. B) an involuntary part-time worker. C) a marginally attached worker. D) not in the labor force. E) a job seeker.
To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________
A) marginal social cost; marginal private cost B) marginal social cost; marginal social benefit C) marginal social benefit; marginal private cost D) marginal private cost; marginal private benefit