Question: Which power source has been least developed?

Answer: Correct: Wind

Question: Which most likely occurs because resources are nonrenewable and because…

Answer: Correct: Scarcity

Question: Which statement best describes the impact of scarcity?

Answer: Correct: Consumers must pay higher prices for many items

Question: How would a manufacturer benefit by using fewer scarce resources?

Answer: Correct: The product would be less expensive to produce

Question: Which object is most likely to have the most value based on the concept of scarcity

Answer: Correct: A silver necklace

Question: In what time period did hydroelectric power usage reach its peak?

Answer: Correct: 1990-2000

Question: A __________ can be defined as whatever people use to create services and goods

Answer: Correct: Resource

Question: Which of the following uses a nonrenewable energy source?

Answer: Correct: A power plant

Question: Based on the lesson, how are individuals and economies similar?

Answer: Incorrect: They both must carefully…

Question: Based on economic theory, if a person wants to purchase a large stereo system, what must…

Answer: Correct: Allocation of resources