ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Using electricity or biofuels to power cars would be an example of alternative goods.
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TRUE
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FALSE
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -In contrast to fossil fuels, which are exhaustible resources, biofuels are produced from renewable feedstocks. Thus, their production and use could, in theory, be sustained indefinitely.
Detailed explanation-2: -Ethanol. Ethanol is a widely used renewable fuel made from corn and other plant materials. It is blended with gasoline for use in vehicles.
Detailed explanation-3: -Alternative fuels include gaseous fuels such as hydrogen, natural gas, and propane; alcohols such as ethanol, methanol, and butanol; vegetable and waste-derived oils; and electricity.
There is 1 question to complete.