Question
In many cases, renewable resources have less value compared to nonrenewable resources. From an economic standpoint.
Group of answer choices
True
False
Group of answer choices
True
False
Answers
GPT-4o mini
True
From an economic standpoint, renewable resources may be considered to have less value compared to nonrenewable resources in certain contexts. This is often due to factors such as higher initial investment costs, potential intermittency in supply (like solar and wind resources), and the need for advanced technology to harness them effectively. Nonrenewable resources, such as fossil fuels, have been established industries with existing infrastructure, making them often cheaper and more readily deliverable in the short term. However, it's worth noting that this valuation can change over time as technology progresses and society increasingly values sustainability.
From an economic standpoint, renewable resources may be considered to have less value compared to nonrenewable resources in certain contexts. This is often due to factors such as higher initial investment costs, potential intermittency in supply (like solar and wind resources), and the need for advanced technology to harness them effectively. Nonrenewable resources, such as fossil fuels, have been established industries with existing infrastructure, making them often cheaper and more readily deliverable in the short term. However, it's worth noting that this valuation can change over time as technology progresses and society increasingly values sustainability.