A theory proposed by Harold Hotelling states that owners of nonrenewable resources will only produce that resource if it wills the yield will have more value than other financial instruments available in the market, such as interest bearing securities and bonds. This assumes such owners are only motivated by profit and that markets are efficient. The theory is used by economists to predict the price of nonrenewable resources like oil, based on prevailing interest rates.
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Answer:
Arguments for and Against of Subsidies in Agriculture ... An agricultural subsidy is a governmental subsidy paid to farmers and ... to the role that these subsidies play in stimulating development of any country through ... iii. Input subsidisation also avoids raising food (and raw material) prices, thus ...
Explanation:
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It depends on the latitude where you measure it.
It's about 69 miles on the equator, and it shrinks to zero at the poles.
In general, at any latitude,
Distance covered by 1 degree of longitude =
<em> (69 miles) x [ cosine(latitude where it's measured) ]</em>
Deindustrialisation which resulted in less factories as companies shifted their manufacturing operations to countries of lower production cost. This results in less pollution to the environment as the industrial scene is replaced by the growing services sector. The increasing emphasis on human development and henceforth the sustainability of development is also a contributing factor.
First off, let's look into how an earthquake happens:
As the plate move apart or collide given the convection current of magma, stress is built up with continuous plate movements. The pressure is then greater than the elastic strength of the rock. Rock breaks, the pressure of energy is released in the form of seismic waves. Ground vibrates, resulting in earthquake.
How it provide evidence about the layers of Earth, is that the lower the layer, the hotter it is, which then cause the convection current of magma to happen,hence affecting the lithosphere.
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