According to the Hotelling Principle, the price of a nonrenewable resource is expected to

A) rise at a rate higher than the interest rate.
B) rise at a rate lower than the interest rate.
C) rise at a rate equal to the interest rate.
D) fall at a rate equal to the interest rate.

C

Economics

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Is there a similarity between a monopoly and a monopolistically competitive firm in the long run? Explain your answer

What will be an ideal response?

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Which of the following expressions equals GDP?

A) compensation of employees + consumption + depreciation + net investment B) compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies C) compensation of employees + net exports + depreciation + corporate profits D) compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes - subsidies

Economics