1. Suppose Tim’s new car’s market value in 2007 was $30,000. Using the rule-of-thumb depreciation rate discussed in the lecture notes, what was the car’s market value in 2010?
a. $24,000
b. $15,360
c. $20,000
d. $12,288
2. Which of the following is NOT an example of “Weak Sustainable consumption:” Select one:
a. Changes in infrastructures and choices as well as a questioning of the levels and drivers of consumption.
b. An efficiency-friendly design for a product.
c. A technological improvement for a product.
d. Reduction in resource consumption by a household.