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Which statement best explains the importance of resource economics? 1. It details the costs of mining processes. 2. It provides fresh water to all areas of the world. 3. It examines the cost and profits of resource use. 4. It sets consistent prices to achieve sustainability.
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Answers

Answer 1

Resource economics is a discipline that examines how societies employ their limited resources. The primary purpose of resource economics is to analyze how resources are developed, utilized, and depleted over time.

In general, the study is concerned with the optimal use of resources in a way that maintains or increases the well-being of people over time.The following statement best explains the importance of resource economics: It examines the cost and profits of resource use. According to resource economics, the optimal use of resources is obtained when the cost of producing and distributing goods is at the lowest possible level, while still guaranteeing that the goods and services are of high quality.

In order to achieve this, resource economics analyses the cost and benefits of resource use, and offers insight into how society can make the most efficient use of its limited resources. Therefore, this statement is the most appropriate, since it clarifies that resource economics is concerned with analyzing the cost and profits of resource use, which is necessary for any community to use its resources in a way that is both sustainable and profitable. Resource economics examines how resources are utilized and depleted over time, with the aim of maintaining or increasing the well-being of people over time.

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Related Questions

In prokaryotes, what type of RNA can and cannot be be used ? How about for Eukaryotes?



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Answers

In prokaryotes, the type of RNA that can and cannot be used are dependent on the function it serves.In prokaryotes, three types of RNA can be used whereas RNA that doesn't undergo alternative splicing, such as rRNA, snRNA, and snoRNA, is not used in eukaryotes.

Prokaryotes are unicellular organisms that do not have a nucleus or membrane-bound organelles. The genetic material is present in the cytoplasm and is arranged in a single, circular DNA molecule. As a result, the RNA transcription and translation occurs in the same location. As a result, there is no alternative splicing or post-transcriptional modification.

Hence, all RNAs are synthesized from a single, uninterrupted gene.In prokaryotes, three types of RNA can be used: Messenger RNA (mRNA) transcribes the genetic information from DNA, which is then translated into a protein. Ribosomal RNA (rRNA) is a major component of ribosomes and is essential for protein synthesis. Transfer RNA (tRNA) is a specialized RNA molecule that carries amino acids to the ribosome during translation. In prokaryotes, RNA that undergoes splicing, such as hnRNA or pre-mRNA, is not used.Eukaryotes are multicellular organisms that have a nucleus and membrane-bound organelles.

Eukaryotic cells have linear DNA arranged into chromosomes and are located in the nucleus. RNA transcription occurs in the nucleus, while translation occurs in the cytoplasm. Eukaryotes also have alternative splicing and post-transcriptional modification. So,RNA that doesn't undergo alternative splicing, such as rRNA, snRNA, and snoRNA, is not used in eukaryotes. Eukaryotes have five types of RNA that can be used: Messenger RNA (mRNA), Ribosomal RNA (rRNA), Transfer RNA (tRNA), Small nuclear RNA (snRNA), and Small nucleolar RNA (snoRNA). RNA that doesn't undergo alternative splicing, such as rRNA, snRNA, and snoRNA, is not used in eukaryotes.

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