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5 September, 06:12

Which statement is true?

a) Inexhaustible resources are limited.

b) Only tangible goods are scarce.

c) Exhaustible resources are abundantly available.

d) Exhaustible resources are scarce.

e) Governments have unlimited money.

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Answers (1)
  1. 5 September, 07:25
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    I 90% sure the answer is B because I feel like it's the most true out of; B, C, and D. Also A and E are wrong.

    My reasoning ...

    a) If a resource is inexhaustible it has a continuous flow, like wind, tides/waves or the sun in terms of energy sources. So the prefix of Inexhaustible implies the opposite of the definition of the word, so an exhaustible resource is limited. False.

    b) Tangible implies that the good (s) can be held there for having no application as far as scarcity is concerned. False, but it could be a trick answer. This is because if something lacks the ability to be held or manipulated in your hand; such as or a signal from a radio it can technically be recreated so long as something is there to cause it to exist. But tangible goods will always need to be made out of something else so they can be scarce. I may be taking some liberties with this one.

    c) As defined in option 'A' exhaustible means it can run out and does not mean something is or is not scarce. Ie. The sun is an abundant resource because there is a large supply of it, and as we know it is not an exhaustible resource. Therefore it could be true or false. (most likely false).

    d) Like with 'C' exhaustibility does not imply abundance or scarcity, it only implies that something does not have a seemingly endless flow. Therefore it could be true or false. (most likely false).

    e) This one is fairly simple, no government; has, has had, or will have unlimited money in the foreseeable future. False.
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