True of renewable resources

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Which of the following are true of renewable resources? Check all that apply.

Many natural renewable resources are overused because they are not privately owned.

If the interest rate rises, everything else held constant, the rate of use of renewable resources also rises.

When a renewable resource is being used at a rate that does not allow replenishment, its future price falls.

Common ownership of a renewable resource ensures that current and future wants are satisfied in the least costly manner.

Reference no: EM131379877

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