Asked by Jeanette Avila on Jul 04, 2024
Verified
Nonrenewable natural resources are fixed in supply (actually or virtually).
Nonrenewable Natural Resources
Natural resources such as coal, oil, and natural gas that cannot be replenished within a human lifespan once consumed.
Fixed Supply
A scenario where the quantity of a good or resource available does not change in response to changes in price.
- Acquire knowledge on the notion of renewable versus nonrenewable natural resources and their accessibility.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
True
Explanation :
Nonrenewable natural resources, such as fossil fuels and minerals, are finite and cannot be replenished over a short period of time. Once they are extracted and used, they cannot be replaced. Therefore, they are fixed in supply.
Learning Objectives
- Acquire knowledge on the notion of renewable versus nonrenewable natural resources and their accessibility.