O Levels Economics (2281)•2281/13/O/N/19

Explanation
Finite resources are non-renewable
Steps:
- Define finite resource as one with limited supply that cannot be replenished naturally within human timescales.
- Evaluate choice A: Matches definition by stating it does not renew itself.
- Check other choices: B relates to scarcity, not finiteness; C ignores economic costs; D contradicts limited supply.
- Confirm A as the identifier based on standard resource classification.
Why A is correct:
- Finite resources, by definition in economics and environmental science, are non-renewable, meaning they do not regenerate naturally, like fossil fuels.
Why the others are wrong:
- B: Supply exceeding demand describes abundance, not finiteness.
- C: All resources have opportunity costs; this does not define finiteness.
- D: Unlimited supply identifies infinite resources, opposite of finite.
Final answer: A
Topic: The nature of the economic problem
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