Increase in value that future consumers-exhaustible resource

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Reference no: EM13837185

1. If the interest rate rises, the owners of oil will supply ________ oil today and conserve ________ for the future.

A) more; less

B) less; more

C) more; more

D) less; less

2. An increase in the value that future consumers are expected to place on an exhaustible resource ________ the marginal cost of extraction and ________ the current price of the resource.

A) increases; increases

B) increases; decreases

C) decreases; increases

D) does not change; does not change

Reference no: EM13837185

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