Asked by Vishaldeep Singh on May 06, 2024
Verified
When the benefits of conservation and future use are excluded from a cost-benefit analysis,there is a tendency to:
A) more efficiently allocate resources.
B) overvalue future resources by considering them "priceless."
C) stop resource extraction.
D) extract and use resources as quickly as possible.
Cost-Benefit Analysis
A comparison of the marginal costs of a project or program with the marginal benefits to decide whether or not to employ resources in that project or program and to what extent.
Future Use
The intention or plan to deploy resources, products, or services at a later date, often considering the long-term benefits or applications.
Conservation
The act of preserving, protecting, or restoring the natural environment, resources, and biodiversity for future generations.
- Analyze the impact of government policies and economic principles on resource extraction decisions.
Verified Answer
Learning Objectives
- Analyze the impact of government policies and economic principles on resource extraction decisions.
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