ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
True or False:Non-renewable resources are only available in limited amounts. Overuse will see them run out.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Non Renewable resources are resources whose existence is limited. After consumption they can never be regenerated or “renewed". For example coal or oil are nonrenewable resources because we can never use them again and their amount on the Earth is limited.

Detailed explanation-2: -Nonrenewable energy resources include coal, natural gas, oil, and nuclear energy. Once these resources are used up, they cannot be replaced, which is a major problem for humanity as we are currently dependent on them to supply most of our energy needs.

Detailed explanation-3: -The difference between these two types of resources is that renewable resources can naturally replenish themselves while nonrenewable resources cannot. This means that nonrenewable resources are limited in supply and cannot be used sustainably.

Detailed explanation-4: -Non-renewable energy is a source of energy that will eventually run out. Most sources of non-renewable energy are fossil fuels, such as coal, gas, and oil.

Detailed explanation-5: -Those resources which have limited stock and which takes thousands of years to get renewed or replenished are called non renewable resource.

There is 1 question to complete.