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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3 years ago

briefly explain the coriolis effect. what causes it? how it affect ocean currents in the northern and southern hemispheres?

Juli2301 [7.4K]

Earth's rotation causes air and water in the northern hemisphere to appear to move right and in the southern hemisphere to appear to move left

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3 years ago