To maximize the economic value of natural resources

To ensure the sustainable use of natural resources

To protect the environment from the impacts of resource use

To promote economic growth and development

It is scarce

It is renewable

It is non-rival

It is excludable

Externalities

Public goods

Common property resources

All of the above

To correct market failures

To protect the environment

To promote economic growth

All of the above

The overexploitation of a common property resource

The pollution of a common resource

The depletion of a non-renewable resource

All of the above

Renewable resources can be replenished naturally, while non-renewable resources cannot

Renewable resources are always more abundant than non-renewable resources

Renewable resources are always cheaper than non-renewable resources

Renewable resources are always more environmentally friendly than non-renewable resources

Meeting the needs of the present without compromising the ability of future generations to meet their own needs

Maximizing economic growth without regard to environmental impacts

Protecting the environment at the expense of economic growth

None of the above

To determine the economic value of natural resources

To help decision-makers make informed decisions about natural resource use

To promote economic growth

All of the above

Use value is the value that people derive from directly using a natural resource, while non-use value is the value that people derive from knowing that a natural resource exists

Use value is always greater than non-use value

Non-use value is always greater than use value

Use value and non-use value are always equal

To define who has the right to use a natural resource

To promote economic efficiency

To protect the environment

All of the above

A market failure occurs when the market does not allocate resources efficiently, while a government failure occurs when the government does not allocate resources efficiently

A market failure is always more costly than a government failure

A government failure is always more costly than a market failure

Market failures and government failures are always equal in cost

To develop new ways to extract and use natural resources

To reduce the environmental impacts of natural resource use

To promote economic growth

All of the above

To address global environmental problems

To promote sustainable development

To ensure the equitable distribution of natural resources

All of the above

Climate change

Population growth

Economic growth

All of the above