Question: Consider the following basic equation for the dynamics of a natural resource economics: =+. Which classification of the variables in terms of stocks and flows
Consider the following basic equation for the dynamics of a natural resource economics: =+. Which classification of the variables in terms of stocks and flows is correct? (circle only one response)
A. Q0 and S are stocks; S1 and S0 are flows
B. S1 and S0 are stocks; Q0 and S are flows
C. S1 is a stock; S0, Q0, and S are flows
D. None of A, B, or C
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