Economics (McConnell), 18th Edition

Chapter 15: Natural Resource and Energy Economics

IN THIS CHAPTER YOU WILL LEARN:

1. Why falling birthrates mean that we are not likely to run out of natural resources.



2. Why using a mix of energy sources is efficient, even if some of them are quite costly.



3. Why running out of oil would not mean running out of energy.



4. How the profit motive can encourage resource conservation.



5. How to use property rights to prevent deforestation and fisheries extinctions.