Resources and Scarcity

Question 1

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

Revolt · Accepted Answer

scarcity

Question 2

✔ capital production scarcity

Revolt · Accepted Answer

✔ capital

Question 3

✔ more less fewer

Revolt · Accepted Answer

✔ more

Question 4

borrow things ✔ make choices sell goods

Revolt · Accepted Answer

✔ make choices

Question 5

employment items✔ services

Revolt · Accepted Answer

✔ services; 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 6

Question 34428

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 7

Trees, solar energy, and water are examples of:

Revolt · Accepted Answer

renewable resources

Question 8

renewable✔ limited unlimited

Revolt · Accepted Answer

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

Question 9

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

Revolt · Accepted Answer

Copper is a scarce resource, which increases its value.

Question 10

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

Revolt · Accepted Answer

land

Resources and Scarcity Answers

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