Resources That Are Not Created or Renewed at a Significant

question 105

Multiple Choice

Resources that are not created or renewed at a significant rate, and therefore could potentially be used up over time, are called

• A) renewable resources.
• B) nonrenewable resources.
• C) fixed resources.
• D) earthly geographic resources.

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Definitions:

Money Supply

The cumulative total of financial resources in an economy, involving cash, coins, and the amounts in checking and savings accounts, at a given instant.

Economic Activity

The production, distribution, and consumption of goods and services within an economy, representing its overall health.

Discretionary Monetary Policy

A policy that involves the deliberate manipulation of interest rates and money supply by a central bank to influence the economy.

Capitalistic Economy

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit.