Solved

How Are the Economic Forces That Apply to Renewable Resources

Question 56

Multiple Choice

How are the economic forces that apply to renewable resources different than those that apply to non-renewable resources?


A) Non-renewable resources must be protected by government policies to prevent depletion.
B) Non-renewable resources do not have any substitutes so the economic forces are different than those for renewable resources..
C) Both renewable and non-renewable resources may become scarcer over time so the economic forces at work are similar.
D) Renewable resources are not subject to the laws of economics since the scarcity condition no longer holds.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents