How a renewable resource can run out and give examples?
Non-renewable resources are used faster than they can be replaced. Once they’re gone, they are, for all practical purposes, gone. Renewable resources are so abundant or are replaced so rapidly that, for all practical purposes, they can’t run out. Renewable resources include solar, wind, hydro, and (possibly) biomass.
Are cows renewable or nonrenewable?
They are renewable natural resources. They move round and round in cycles and never run out. When an animal like this cow eats a plant, it takes in nutrients. The nutrients are used in the animal’s body and then many come out as waste, which returns the nutrients to the soil.
What resource is both renewable and inexpensive?
Sunlight
Which resource is both renewable and inexpensive gold coal?
The correct answer is – lumber. The lumber is both renewable and inexpensive resource, and it also can be found in every continent, apart from Antarctica.
Which of the following would be considered a renewable resource?
Renewable resources include solar energy, wind, falling water, the heat of the earth (geothermal), plant materials (biomass), waves, ocean currents, temperature differences in the oceans and the energy of the tides.
Which of the following could be considered both a renewable resource and a nonrenewable resource Iron Oresea Watersolar Energywheat crop?
Wheat crop is both a renewable and a non renewable resource.
Which object is likely to have the most valuable based on the concept of scarcity?
Silver Necklace
Which object is likely to have the most value based?
The Object that is likely to have the most value based on the concept of scarcity is a silver necklace. Limited availability of the commodity is known as Scarcity and this may be in the demand by the commons or maybe in demand in the market.
Which statement best describes the impact of scarcity people are able to meet most of their needs consumers must pay higher prices for many items?
Answer Expert Verified The best way to describe the impact of scarcity would be when consumers must pay for higher prices for many items. This is a situation where there are unlimited wants have fully exceeded all of the limited resources.
What statement best describes the impact of scarcity?
Answer: When the consumers pay higher prices for purchasing many items it reflects that there is a scarcity of the product in the market. Prices rise when there is demand in the market and at the time of scarcity the need is there, but supply is less, and the consumer has to pay more.
Which situation is the best example of competition in an economic system?
the best example of competition in an economic system – A small CD store slashed its prices to attract customers from a larger store that sells CDs and DVDs.
How would a manufacturer benefit from using fewer scarce resources?
How would a manufacturer benefit by using fewer scarce resources? The product would be less expensive to produce. The product would better satisfy consumer needs. The product would be less expensive to produce.