Resources and Scarcity

Question 1

What issue results from the combination of limited resources and unlimited wants?

Revolt · Accepted Answer

C: scarcity

Question 2

Question 2

Revolt · Accepted Answer

Resources are things people use to make goods and provide.: services; The resources used to create goods and services are divided into three main categories: land, labor, and.: capital

Question 3

Trees, solar energy, and water are examples of:

Revolt · Accepted Answer

B: renewable resources

Question 4

According to the rules of economics, all resources arein their supply. The wants and needs of people are. The more scarce a resource is, the people are willing to pay for it. The principle of scarcity forces people to.

Revolt · Accepted Answer

B: limited

Question 5

Based on the information presented in this scenario, what can you determine about the copper piping?

Revolt · Accepted Answer

D: Copper is a scarce resource, which increases its value.

Question 6

In this scenario, what is the nonrenewable resource an example of?

Revolt · Accepted Answer

B: land

Question 7

nonrenewable limited✔ unlimited

Revolt · Accepted Answer

C: unlimited

Question 8

✔ more less fewer

Revolt · Accepted Answer

A: more

Question 9

borrow things ✔ make choices sell goods

Revolt · Accepted Answer

B: make choices

Question 10

Resources are things people use to make goods and provide. The resources used to create goods and services are divided into three main categories: land, labor, and.

Revolt · Accepted Answer

C: services

Resources and Scarcity Answers

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