Answer:
A)How natural resources are created
ANS- Natural resources are derived from the environment. ... Biotic natural resources also include fossil fuels such as coal and petroleum which are formed from organic matter that has decayed. Abiotic: these resources come from non-living and non-organic material
B)How societies make choice
ANS-making choices in the presence of scarcity since our wants are unlimited and there are limited resources for fulfilling the wants. Explanation: Economics involves the making of choices of fulfilling the wants between the resources which are scarce to satisfy the most urgent of our infinite wants.
C)How goods and services are produced
ANS -Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
D)How people create wealth using scar resources
ANS-Scarcity refers to a basic economics problem—the gap between limited resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible. Any resource that has a non-zero cost to consume is scarce to some degree, but what matters in practice is relative scarcity. Scarcity is also referred to as "paucity."
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