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:
Johannesburg has a delightfully mild climate, neither humid nor too hot. There are about six weeks of chill in mid-winter
Answer:
A) a large fault
Explanation:
that looks like the San Andreas Fault from an aerial photo.
A river would be wider.
A canyon would not have raised edges
Sand dunes would not be so steep.
