Some Environmentalists Argue That the Scarcity of Physical Resources Such

question 60

Multiple Choice

Some environmentalists argue that the scarcity of physical resources such as fuel means that

• A)we should keep our homes cooler in the winter.
• B)we should keep our homes warmer in the summer.
• C)we should live closer to our jobs to conserve fuel.
• D)All of these responses are true.

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Definitions:

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit.

Liability

A financial obligation or amount owed by a business to another entity, which is expected to be settled in the future.

Capital

The wealth, either financial or tangible, that is used in the creation of more wealth, such as money or assets owned by an individual or organization.

Ledger

A comprehensive accounting book that keeps track of all financial transactions systematically.