The Finite Nature of the Economy's Resource Base

question 42

Multiple Choice

The finite nature of the economy's resource base:

• A) would be solved if only we would learn to conserve.
• B) arises out of the insatiable appetite of consumers.
• C) is only a problem in developing countries.
• D) will be solved as technology advances.
• E) will always be with us.

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Definitions:

Consignment

An arrangement where goods are left in the possession of another party to sell, but the consignor retains ownership until the goods are sold.

On Approval

A conditional agreement for the sale of goods where the buyer is not obligated to complete the purchase unless they approve of the goods.

Risk of Loss

The responsibility for damage or loss of goods during a transaction or while in transit.

Inspected

Examination or review of a condition or situation, often for compliance or quality control.