[Solved] What Do Most Economists Think Is the Socially Optimum Extraction

Question 94
Multiple Choice
arrowQuestion 94arrow

What do most economists think is the socially optimum extraction rate of a natural resource such as oil?

A)One that equals the MRP of the resource.
B)A rate that ensures that the price of oil increases at the same rate as the interest rate.
C)One that is less than the rate of discovery of new sources.
D)One that is less than 2 percent of known reserves so as to guarantee at least 50 years' supply at all times.


10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.


Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

Related Questions

Get Free Access Now!

Get free access by uploading any valuable academic documents


Invite your friends by sharing your unique referral link, and get a free access

Invite a friendInvite a friendInvite a friend
Join Us
Join Us

Sign up to get 5 free question for every quiz you visit. Or Subscribe and get instant access