Productive inputs that are actually or virtually fixed in supply are known as

Question

Quizplus · Accepted Answer

Nonrenewable natural resources are inputs that are actually or virtually fixed in supply, such as fossil fuels and minerals. These resources are finite and can be depleted over time through consumption. Renewable natural resources (choice A) can be replenished naturally or through human intervention, and their supply can be increased or decreased. Natural capital (choice B) refers to the stock of renewable and nonrenewable natural resources that provide ecosystem services and contribute to economic activity. Alternative fuels (choice D) are sources of energy that are not based on fossil fuels, but they are not necessarily fixed in supply.

Productive Inputs That Are Actually or Virtually Fixed in Supply