natural resources (unit 5)

Question 1

Define the term “Natural Resource”.

Answer 1

A Natural Resource refers to materials that are found in the
natural environment in the form of raw materials.

Question 2

Explain why our natural resources are important.

Answer 2

Without natural resources, we would not exist.
Everything comes from something, and that “something” is our natural resources.

Question 3

Explain the difference between a renewable resource and a non-renewable resource. Be able to
provide at least two examples for each.

Answer 3

Renewable Resource: A renewable resource can be replaced or regrown. Examples are forests and plants

Non-Renewable Resource: Non-renewable resources are those that cannot be renewed or replenished within an average human life span. They require millions of years to form. Examples are minerals and fossil fuels

Question 4

Define and explain the term “Sustainable Yield Management”.

Answer 4

The use of renewable resources at a rate that allows the resource to renew itself.

Question 5

Define and explain the term “Sustainable Development”.

Answer 5

Sustainable development is meeting the needs of the present
generations without compromising the ability of future generations to meet their own needs.

Question 6

Explain how we determine the value of a resource.

Answer 6

Any naturally occurring material that is of value to humans.

Question 7

Explain the concept of supply and its relationship to price.

Answer 7

When supply is decreased (there is a shortage of a resource), the price is likely to go up. When supply is increased (there is a surplus of a resource), the price is likely to go down.

Question 8

Explain the concept of demand and its relationship to price.

Answer 8

When consumer demand is high for a product the price is likely to
go up. When consumer demand is low for a product the price is likely to go down.