10 Questions
Which of the following is the reward for the services of capital?
Interest
What is the primary difference between renewable and non-renewable resources?
Renewable resources can be replenished, while non-renewable resources cannot
Which of the following is an example of a non-renewable resource?
Coal
What does the term conserve mean in the context of natural resources?
To use resources sparingly and avoid waste
Which of the following is an example of pollution that can harm natural resources?
Dumping toxic chemicals into water bodies
Which type of resource has zero price?
Free resources
Which of the following is NOT considered an economic resource?
Sunshine
Which type of resource is always scarce and has a non-zero price?
Economic resources
Which of the following is NOT one of the four broad categories of economic resources?
Sunshine
Which of the following is a characteristic of free resources?
They are unlimited in supply
Learn about different types of resources such as free resources and economic resources used in the production process to make goods and services available to society. Understand the concept of factor payments in resource distribution.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
