An auction of the leases to drill for natural gas on about 55,000 acres on the Roan Plateau in western Colorado in August 2008 generated nearly $114 million, a record for onshore energy lease sales in the lower 48 states. Is natural gas a renewable or non-renewable resource? Why?
A) Renewable, because the resource can be recycled
B) Non-renewable, because the used resource cannot be reused
C) Non-renewable, because the value of marginal product for natural gas is diminishing
D) Renewable, because oil, natural gas, and coal are traded in global community markets
Correct Answer:
Verified
Q295: An auction of the leases to drill
Q296: An increase in the marginal product of
Q297: Lynn owns Dust Bunnies, a cleaning company.
Q298: Americans are always connected today, talking on
Q299: Pennsylvania's largest grower of fresh-to-market tomatoes announced
Q301: The present value of $100 to be
Q302: The interest rate is 8 percent. The
Q303: The present value of a stream of
Q304: The value in one year of $25
Q305: The present value of $50 to be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents