Productive inputs that are actually or virtually fixed in supply are known as:

A) renewable natural resources.
B) natural capital.
C) nonrenewable natural resources.
D) alternative fuels.

Question

Productive inputs that are actually or virtually fixed in supply are known as:A)  renewable natural resources.B)  natural capital.C)  nonrenewable natural resources.D)  alternative fuels.

Jewellia Zerega · Accepted Answer

Final Answer : C, Explanation :  Nonrenewable natural resources, such as fossil fuels, are productive inputs that are fixed in supply and cannot be replenished once they are depleted. Renewable natural resources, such as solar or wind power, can be replenished and are therefore not fixed in supply. Natural capital refers to the stock of natural resources and ecosystem services, and is not necessarily fixed in supply. Alternative fuels can be both renewable and nonrenewable, so this option is not specific enough.

Productive inputs that are actually or virtually fixed in supply are known as:

A) renewable natural resources.
B) natural capital.
C) nonrenewable natural resources.
D) alternative fuels.

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Learning Objectives

Learning Objectives

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