Which of the following about non-renewable resource stock (oil in the ground) in not true? select one: a. nonrenewable resource stocks should increase in value at a rate equal to that of other types of assets in the market. b. if oil stocks in the ground were gaining in value at a rate faster than the rate of interest, resource owners would extract nothing in the near term leaving stocks in the ground to increase value relative to money in the bank c. if oil stocks in the ground were gaining in value at a rate. slower than the rate of interest, resource owners would do extract all of the oil, sell it, and invest the proceeds d. if oil stocks in the ground were gaining in value at a rate faster than the rate of interest, resource owners would do extract all of the oil, sell it, and invest the proceeds water resource economics. the riparian doctrine select one: a. is a method of allocating water, according to proportion of land next to a stream, used in the west and east united states. b. is a method of allocating water dubbed "first-in-time, first-in-right. c. is a method of allocating water developed by miners to account for water scarcity. d. is a method of allocating water effective in humid climates (eastern us) but that was replaced by the doctrine of prior appropriation in the west. the system of water allocation based on date it was claimed is called the select one: a. appropriative rights doctrine b. beneficial use doctrine c. riparian doctrine d. property rights which of the following about backstop technologies and nonrenewables is not true? select one: a. when the price of the non-renewable reaches the price of the backstop, we switch to using the backstop technology b. a backstop technology is a perfect substitute for non-renewable resource that can be produced in any amount at constant (usually high) price. c. a subsidy that decreases the price of a backstop will decrease the current price of oil, and consumption of oil will increase d. subsidizing renewables may have unintended consequence of pushing consumption of fossil fuels further into the future е.