Resources and Scarcity

Question 1

renewableinexpensiveabundantscarce

Revolt · Accepted Answer

scarce

Question 2

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?

Revolt · Accepted Answer

Are there enough volunteers to work a car wash?

Question 3

least

Revolt · Accepted Answer

wind

Question 4

How would a manufacturer benefit by using fewer scarce resources?

Revolt · Accepted Answer

The product would be less expensive to produce.

Question 5

Study the graph.In what time period did hydroelectric power usage reach its peak?

Revolt · Accepted Answer

1990–2000

Question 6

best

Revolt · Accepted Answer

Consumers must pay higher prices for many items.

Question 7

Most resources are nonrenewable, and wants and needs are unlimited. This is an example of

Revolt · Accepted Answer

scarcity

Question 8

How does scarcity determine the economic value of an item?

Revolt · Accepted Answer

by the resources consumed in production

Question 9

Which location focuses its use on a nonrenewable energy source?

Revolt · Accepted Answer

a natural gas power plant

Question 10

productresourcevaluecost

Revolt · Accepted Answer

resource

Resources and Scarcity Answers

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