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Resources need to be efficiently used because ______. - Economic Applications

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Question

Resources need to be efficiently used because ______.

Options

  • they are scarc

  • their continuous and excessive use will cause environmental crisis

  • they are scarce and their continuous and excessive use will cause environmental crisis

  • Neither they are scarce nor their continuous and excessive use will cause environmental crisis

MCQ
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Solution

Resources need to be efficiently used because they are scarce and their continuous and excessive use will cause environmental crisis.

Explanation:

Resources need to be efficiently used because they are scarce, meaning there is a limited supply relative to human wants; and their continuous and excessive use can lead to environmental crises, causing harm to the environment. Efficient use helps conserve scarce resources and prevents environmental degradation, ensuring sustainability for the future.

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Chapter 5: Basic Problems of An Economy - QUESTIONS [Page 80]

APPEARS IN

J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 5 Basic Problems of An Economy
QUESTIONS | Q 8. | Page 80
J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 3 Basic Problems of An Economy
QUESTIONS | Q 8. | Page 37
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