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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Jose San Martin was an argentine general and the prime leader of the southern part of south America. hoped that helped!
Answer:
<u><em>The 6 !!! benefits of the "General Maritime Treaty" </em></u>
Explanation:
1. Treaty banned piracy in the Persian Gulf, piracy on the coast was virtually eliminated
2. The level of maritime war – in particular against foreign vessels – was dramatically reduced.
3. The treaty banned slavery.
4. The treaty provided for the exchange of envoys so as to make the so-called "friendly Arabs" act together against external forces and refrain from killing people after they gave up their weapons or to take them as slaves.
5. The Treaty prohibits the transport by vessels of slaves "from the coast of Africa or elsewhere."
6. It was part of the UK strategic strategy to ensure that open lines of communication between the British and the Arabs existed. The "friendly Arabs" would be free to trade, leave, and enter British ports
disadvantages of General Maritime Treaty 1820 to the Trucial States
1. Government in Bombay was most dissatisfied with leniency over the coastal tribes and desired, to introduce some conditions of greater stringency
2. The treaty should have for bade the building of coastal fortifications
3. Restricted ship-building and stipulated powers
4. Confiscation as well as empowering British forces to destroy any construction undertaken in the face of the prohibition.
