Economically Significant Resources

Economics is the branch of knowledge concerned with the production, consumption, and transfer of ________.

• wealth.

• information.

• energy.

• technology.

Tags

NGSS.HS-ETS1-3

The main purpose of Cost Benefit Analysis is:

• To evaluate the financial implications of a project

• To determine the timeline of a project

• To assess the environmental impact of a project

• To identify the stakeholders of a project

Tags

NGSS.HS-ESS3-2

List the three categories of non-market resources when doing a cost benefit analysis.

• Human Health, Social Impact, Environmental Quality

• Financial resources, Technological resources, Social resources

• Cultural resources, Educational resources, Political resources

• Environmental resources, Economic resources, Legal resources

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-1

Lumber is a type of wood that has been processed into beams and planks. Which of the following is a way your morning routine would change without lumber?

• You would have to find alternative materials for furniture.

• Your morning coffee would taste different.

• You would need to wake up earlier.

• Your breakfast would be more nutritious.

Water is significant to the economy in several ways. Which of the following is NOT a way water contributes to the economy?

• Transportation and shipping

• Energy production

• Tourism and recreation

• Digital currency exchange

Fill in the blank: ________ are resources that are able to replenish themselves over a shorter period of time.

• Renewable resources

• Non-renewable resources

• Finite resources

• Exhaustible resources

What is an ecological niche?

• A specific role or position a species has in its environment

• A type of habitat where a species lives

• The physical space occupied by a species

• The food chain level of a species

A species meets its needs for food and shelter, survives, and reproduces according to its ecological niche by:

• Adapting to its environment

• Changing its genetic structure

• Migrating to a new habitat

• Competing with other species

Tags

NGSS.MS-LS1-4

NGSS.MS-LS4-4