Fossil Fuels Are

question 39

Multiple Choice

Fossil fuels are

• A) finite resources.
• B) unevenly distributed around the world.
• C) plants and animals buried millions of years ago.
• D) both finite resources and buried plants and animals.
• E) All of these are correct.

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Definitions:

Housing

Refers to the residential accommodations available for individuals or families, including houses, apartments, and other living spaces.

Rents

Payments made for the use of property or land. In economics, it can also refer to income derived from the ownership of scarce resources.

Law Of Supply

A principle stating that, all else being equal, an increase in price results in an increase in quantity supplied.

Law Of Demand

The economic principle that, all else equal, an increase in the price of a good will decrease the quantity demanded, and conversely, a decrease in price will increase the quantity demanded.