Economics of Limited Resources
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Questions and Answers

Which of the following is NOT considered a productive resource?

  • Money
  • Natural resources
  • Skills and expertise of workers
  • None of the above (correct)

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

  • Timber from a forest
  • Coal from the ground (correct)
  • Freshwater from a river
  • Wind energy

    • Why is time considered a limited resource?

  • It is only valuable in specific contexts
  • It is an abstract concept without physical presence
  • It increases with successful planning
  • It cannot be replenished once spent (correct)

    • What is the primary characteristic of limited resources?

    <p>They are finite and scarce</p> Signup and view all the answers

    Which of the following best describes renewable resources?

    <p>Resources that can be replenished naturally over time</p> Signup and view all the answers

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