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.

---

Definitions:

Unintended Inventory Investment

Occurs when a business accumulates inventory beyond its planned level, often due to lower than expected sales.

Rate of Interest

The percentage of a sum of money charged for its use, typically expressed annually, influencing borrowing, lending, and investment activities.

Saving and Investment

Refers to the act of setting aside a portion of current income for future use and allocating funds into ventures or assets expected to yield future returns.

Total Output

The total quantity of goods and services produced within an economy at a given overall price level and within a specified period.