Question 7 05 pts Coal is considered to be a nonrenewable en

Question 7 0.5 pts Coal is considered to be a non-renewable energy source. Which of the following statement:s is correct? Coal is an unlimited resource Coal is a scarce resource. Coal is a non-productive resource. Coal is not a resource. Question 8 0.5 pts Economics is the study of production methods. how society manages its scarce resources. how households decide who performs which tasks. the interaction of business and government.

Solution

7. The correct answer is B. Coal is a scarce resource.

8. The correct answer is B. It is the management of scarce resources.