Economic Resources and Markets Types of Resources
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Questions and Answers

Which of the following is the reward for the services of capital?

  • Rent
  • Wage
  • Profit
  • Interest (correct)

What is the primary difference between renewable and non-renewable resources?

  • Renewable resources can be replenished, while non-renewable resources cannot (correct)
  • Renewable resources are man-made, while non-renewable resources are natural
  • Renewable resources are limited in supply, while non-renewable resources are unlimited
  • Renewable resources are found above ground, while non-renewable resources are found underground

Which of the following is an example of a non-renewable resource?

  • Geothermal pressure
  • Wind energy
  • Soil
  • Coal (correct)

What does the term conserve mean in the context of natural resources?

<p>To use resources sparingly and avoid waste (C)</p> Signup and view all the answers

Which of the following is an example of pollution that can harm natural resources?

<p>Dumping toxic chemicals into water bodies (B)</p> Signup and view all the answers

Which type of resource has zero price?

<p>Free resources (B)</p> Signup and view all the answers

Which of the following is NOT considered an economic resource?

<p>Sunshine (D)</p> Signup and view all the answers

Which type of resource is always scarce and has a non-zero price?

<p>Economic resources (D)</p> Signup and view all the answers

Which of the following is NOT one of the four broad categories of economic resources?

<p>Sunshine (A)</p> Signup and view all the answers

Which of the following is a characteristic of free resources?

<p>They are unlimited in supply (A)</p> Signup and view all the answers

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