Non-renewable resources are those that
a. are not renewed by nature, but their supply can be easily expanded by humans.
b. are naturally renewed by nature; timber provides an example.
c. are not renewed by nature at a significant rate.
d. cannot be recycled, by their very nature.
C
Economics
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Negative externalities are benefits that people lose in a transaction
Indicate whether the statement is true or false
Economics
A tax is imposed on orange juice. Consumers will bear no burden from this tax if the: a. demand for orange juice is perfectly inelastic
b. supply curve for orange juice is unit elastic. c. demand for orange juice is unit elastic. d. supply curve for orange juice is perfectly inelastic.
Economics