Resources and Scarcity example #48304

23 November 2022
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14 test answers

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question
Which power source has been least developed?
answer
Correct: Wind
question
Which most likely occurs because resources are nonrenewable and because...
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Correct: Scarcity
question
Which statement best describes the impact of scarcity?
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Correct: Consumers must pay higher prices for many items
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How would a manufacturer benefit by using fewer scarce resources?
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Correct: The product would be less expensive to produce
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Which object is most likely to have the most value based on the concept of scarcity
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Correct: A silver necklace
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In what time period did hydroelectric power usage reach its peak?
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Correct: 1990-2000
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A __________ can be defined as whatever people use to create services and goods
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Correct: Resource
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Which of the following uses a nonrenewable energy source?
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Correct: A power plant
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Based on the lesson, how are individuals and economies similar?
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Incorrect: They both must carefully...
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Based on economic theory, if a person wants to purchase a large stereo system, what must...
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Correct: Allocation of resources
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Wind and Solar energy are examples of
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Correct: Renewable resources
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Which of the following could be considered both a renewable resource and a nonrenewable...
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Correct: Wheat crop
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School band members need to raise money for new uniforms. Some members want...
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Correct: The value of the resources
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A large, new diamond mine has just opened, and the price of diamonds has gone down...
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Correct: Diamonds are a nonrenewable resource