Instructions: Identify four (4) scarce resources need to manage, identify the key uses of these resources. Then propose resources that may be used as substitutes for this scarce resource and propose also alternative measures to better manage this resource. Example is given below. Need to be Managed Scarce Resource That Key Use(s) of this Scarce Substitute Resource(s) Alternative Measures to Better Manage the That May be Used Resource Resource Fossil Fuels (Crude Oil, Transportation Manufacturing Plants Electric Power Energy-Saving devices |(power booster) Daylight Saving Time Energy-saving Practices |(putting off lights when not needed) Biogas Solar Energy Wind Power Coal)
Instructions: Identify four (4) scarce resources need to manage, identify the key uses of these resources. Then propose resources that may be used as substitutes for this scarce resource and propose also alternative measures to better manage this resource. Example is given below. Need to be Managed Scarce Resource That Key Use(s) of this Scarce Substitute Resource(s) Alternative Measures to Better Manage the That May be Used Resource Resource Fossil Fuels (Crude Oil, Transportation Manufacturing Plants Electric Power Energy-Saving devices |(power booster) Daylight Saving Time Energy-saving Practices |(putting off lights when not needed) Biogas Solar Energy Wind Power Coal)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Instructions: Identify four (4) scarce resources need to manage, identify the key uses of these resources.
Then propose resources that may be used as substitutes for this scarce resource and propose also
alternative measures to better manage this resource. Example is given below.
Scarce Resource That | Key Use(s) of this Scarce Substitute Resource(s) | Alternative Measures to
Need to be Managed
Resource
That May be Used
Better Manage the
Resource
Fossil Fuels (Crude Oil, Transportation
Coal)
Energy-Saving devices
(power booster)
Daylight Saving Time
Energy-saving Practices
(putting off lights when
not needed)
Biogas
Manufacturing Plants
Solar Energy
Wind Power
Electric Power
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