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1.1 Nature of economics

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Question 3

The gradual exhaustion of oil reserves in the North Sea has led Norway to invest heavily in its extensive offshore wind and hydroelectric projects. This shift aims to secure long-term energy security as traditional fossil fuels deplete.

With reference to the information provided, explain the distinction between renewable and non-renewable resources.

[3]

1.1 Nature of economics Questions

  1. A Level
  2. /Economics
  3. /1.1 Nature of economics