_8, Exhaustible resources, 5-29-09

_8, Exhaustible resources, 5-29-09 - better mines, but...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Quiz #8, May 29, 2009, on Exhaustible Resources 1. What is “high-grading” a mineral deposit? a. Taking out the low-cost minerals and leaving behind the high-cost minerals b. Giving it a high grade for quality c. Taking out the high-cost minerals first d. A and e e. Taking out just the highest quality ores and leaving the low quality ores 2. Some people favor using low discount rates in mining, to slow down extraction and expiate their guilt for taking from future generations. What does the assigned reading say about this? a. It is self-defeating. It succeeds all right in slowing down use of the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: better mines, but accelerates exploration and development of new ones in marginal and environmentally sensitive regions b. It is obviously the way to go, to cut down the idea of discounting the future. Our grandchildrens needs will be as great as ours, and should be respected c. It recognizes that there are limits to growth that we must learn to live with d. It makes people take a longer view and consider human welfare over time, not just this year e. It inhibits public officials from granting too much mineral territory to one firm...
View Full Document

This note was uploaded on 02/03/2010 for the course ECON econ148 taught by Professor Fle during the Winter '09 term at UC Riverside.

Page1 / 2

_8, Exhaustible resources, 5-29-09 - better mines, but...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online