Multiple Choice QuestionWhy is there no incentive to conserve conflict diamonds as a resource?Multiple choice question.Nobody can be sure of controlling the mines for more than a few months.Their poor reputation has destroyed the market for conflict diamonds.Conflict diamonds are considered a renewable resource.There are too many conflict diamonds for the supply to ever run out.

Which statement about conflict diamonds is true?Multiple choice question.They are over-extracted because the present value of future sales is overestimated.They are over-extracted because user costs are overestimated.They are over-extracted because property rights to diamond mines are uncertain.They are conserved to pay to rebuild the country once the wars have ended.

Multiple Choice QuestionOptimal management of renewable and nonrenewable resources involves striking a balance between the costs and benefits of ______ use.Multiple choice question.futurevirtualpastpresent

Multiple Choice QuestionThe existence of a good or service that no one wants to buy will have which of following effects on the resources used to produce it?Multiple choice question.There will be no surplus for the resources used.There will be no supply for the resources used.There will be no demand for the resources used.There will be no shortage for the resources used.

3. Non-renewable resources must be used ……………………….. (judiciously / judicially)

“Non-conventional resources are the best option to conserve the naturalresources” Substantiate this statement with Examples