Oil Is an Example of

question 133

Multiple Choice

Oil is an example of

• A) a nonrenewable natural resource.
• B) a renewable natural resource.
• C) physical capital.
• D) a resource for which the true value cannot be measured.
• E) a resource with a perfectly inelastic demand.

---

Definitions:

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Birth Control Pill

A medication taken orally by women to prevent pregnancy, functioning through the regulation of hormones to inhibit ovulation and other fertility factors.

Tubal Ligation

Tubal Ligation is a surgical procedure for female sterilization involving the sealing, tying, or cutting of the fallopian tubes to prevent eggs from reaching the uterus for fertilization.

Condoms

Thin coverings worn on the penis or inserted into the vagina during sexual intercourse to prevent pregnancy and reduce the risk of sexually transmitted infections.