154. A resource whose services can be consumed without reducing the stock of the

Question

154. A resource whose services can be consumed without reducing the stock of the resource is a(n):
A) renewable natural resource.
B) exhaustible natural resource.
C) independent resource.
D) unknown resource.

155. A resource for which consumption of its services necessarily reduces the stock of the resource is a(n):
A) renewable natural resource.
B) exhaustible natural resource.
C) independent resource.
D) unknown resource.
157. The amount by which the current price of a resource exceeds the minimum price necessary to make the resource available is its:
A) market value.
B) economic rent.
C) carrying capacity.
D) discount rate.

Explanation / Answer

A) renewable natural resource. B) exhaustible natural resource B) economic rent.

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