Natural resources are:
A) not considered scarce because no one pays for them.
B) not used in producing luxury goods.
C) renewable and exhaustible.
D) available in unlimited quantities.
E) not considered scarce because they are not produced by society.

Question

Quizplus · Accepted Answer

Natural resources can be categorized as renewable or exhaustible. Renewable resources can replenish themselves over time, such as solar energy or wind power. Exhaustible resources, on the other hand, are finite and will eventually run out if not managed properly, such as fossil fuels. The fact that natural resources are classified as either renewable or exhaustible indicates that they are not available in unlimited quantities, refuting options A, D, and E. Option B is also incorrect because some luxury goods can be made from natural resources, such as rare diamonds.

Natural Resources Are