The Use of as Few Nonrenewable Resources as Possible Is

question 8

Short Answer

The use of as few nonrenewable resources as possible is known as ____________________.

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Definitions:

Land Market

The input/factor market in which households supply land or other real property in exchange for rent.

Rent

A payment made for the temporary use of a good, service, or property owned by another.

Demand Shift

A change in the quantity of a product that consumers are willing and able to buy at each and every price level, caused by factors other than the product's price.

Normal Good

A good for which demand increases as consumer income rises and decreases when consumer income falls.