Which of the Following Is Not an Example of a Fungible

question 95

Multiple Choice

Which of the following is not an example of a fungible good?

• A) Cars
• B) Wheat
• C) Gold
• D) All of these are fungible commodities.

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Definitions:

Nonrenewable Resource

Natural resources, such as coal, oil, and natural gas, that cannot be replenished at a sustainable rate once consumed.

Conservation Cost

The expenses related to the preservation and protection of natural resources or the environment.

Optimal Extraction

The most efficient rate at which a non-renewable resource should be consumed or used, taking into account sustainability and future value.

Nonrenewable Resource

A natural resource that cannot be readily replaced by natural means on a level quick enough to keep up with consumption.