Resources and Scarcity Answers
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least
w
woodw
windb
biofuelh
hydroelectric2
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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.3
Wind and solar energy are examples of
A
scarce resources.B
renewable resources.C
capital resources.D
nonrenewable resources.4
Which object is likely to have the most value based on the concept of scarcity?
A
a flowering plantB
a silver necklaceC
a new coffee tableD
a crop of oranges5
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.6
renewableinexpensiveabundantscarce
A
renewableB
inexpensiveC
abundantD
scarce7
productresourcevaluecost
A
productB
resourceC
valueD
cost9
The chess club needs to raise money for tournament uniforms. Some members want to sell energy drinks at a football game to raise funds, but others want to organize a car wash in the school parking lot. Based on the concept of scarcity, which thought should drive members' decision-making process to determine how to fundraise?
W
Where will unsold energy drinks be stored?I
Is there enough consumer demand for a car wash?W
Will the concession stand be open during the big game?A
Are there enough volunteers to work a car wash?Did you find these answers helpful?
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