1. Which of the items in List 1 are nonrenewable natural resources, which are renewable natural resources,...

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1. Which of the items in List 1 are nonrenewable natural resources, which are renewable natural resources, and which are not natural resources? Explain your answers.

LIST 1 Beaches in Florida Lake Powell Empire State Building  Silver mines in Arizona The Great Lakes


2. In the market for a nonrenewable natural resource, explain what determines the equilibrium price and the equilibrium quantity.

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Foundations Of Economics

ISBN: 9780134486819

8th Edition

Authors: Robin Bade, Michael Parkin

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