AnswersAISD Economics 2026-27Resources and Scarcity

Resources and Scarcity Answers

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Wind and solar energy are examples of

A
scarce resources.
B
renewable resources.
C
capital resources.
D
nonrenewable resources.
3

Which resource is renewable?

A
gold
B
coal
C
lumber
D
minerals
4

productresourcevaluecost

A
product
B
resource
C
value
D
cost
5

least

Question illustration
w
wood
w
wind
b
biofuel
h
hydroelectric
7

Which location focuses its use on a nonrenewable energy source?

A
a wind mill farm
B
a natural gas power plant
C
a fruit orchard
D
a community swimming pool
8

best

P
People are able to meet most of their needs.
C
Consumers must pay higher prices for many items.
G
Governments must try to meet the wants of citizens.
E
Economies can work to provide more goods and services.
9

Based on the lesson, how are individuals and economies similar?

T
They both must decide how to allocate resources.
T
They both must carefully categorize available resources.
T
They both must recognize the issues with nonrenewable resources.
T
They both must choose whether to use more renewable resources.
10

What does the concept of scarcity explain? Choose three answers.why a product could lose significant value over time.why people continue to purchase different products.why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy resources can be both renewable and nonrenewable.why a single resource has more value than another resource.

A
why a product could lose significant value over time.
B
why people continue to purchase different products.
C
why consumers are willing to pay high prices for items.
D
why decisions must be made on how to use resources
E
why resources can be both renewable and nonrenewable.
F
why a single resource has more value than another resource.

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