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Education › Economics › Environmental And Resource Economics › Nonrenewable Resource Economics

Nonrenewable Resource Economics Quiz

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| By Thames

T

Thames

Community Contributor

Quizzes Created: 7229 | Total Attempts: 9,524,689

| Questions: 8 | Updated: Nov 12, 2025

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1. What is a nonrenewable resource?

A resource that can be replenished naturally

A resource that cannot be replaced once used

A resource that is available in unlimited quantities

A resource that is renewable over time

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About This Quiz

Nonrenewable Resource Economics Quiz - Quiz

2. What's your name?

We’ll put your name on your report, certificate, and leaderboard.

2. Which of the following is an example of a nonrenewable resource?

Solar energy

Wind energy

Coal

Hydropower

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3. What is the primary economic concern regarding nonrenewable resources?

They are too cheap to extract

They will eventually run out

They are harmful to the environment

They are abundant and easily accessible

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4. What does the term 'resource depletion' refer to?

The increase in resource availability

The reduction of a resource's quantity

The recycling of resources

The sustainable management of resources

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5. Which economic model is often used to analyze the extraction of nonrenewable resources?

Supply and demand model

Hotelling's rule

Keynesian economics

Monetarism

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6. What is the main factor that influences the price of nonrenewable resources?

Technological advancements

Market demand and supply

Government regulations

Public opinion

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7. What is a common consequence of over-extraction of nonrenewable resources?

Increased biodiversity

Economic growth

Environmental degradation

Resource abundance

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8. Which of the following policies can help manage nonrenewable resources sustainably?

Subsidizing extraction

Implementing conservation measures

Encouraging wasteful consumption

Reducing recycling efforts

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All (8)
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Answered ()

What is a nonrenewable resource?

Which of the following is an example of a nonrenewable resource?

What is the primary economic concern regarding nonrenewable resources?

What does the term 'resource depletion' refer to?

Which economic model is often used to analyze the extraction of...

What is the main factor that influences the price of nonrenewable...

What is a common consequence of over-extraction of nonrenewable...

Which of the following policies can help manage nonrenewable resources...

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