Economics of Limited Resources

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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

Which of the following best describes renewable resources?

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

Flashcards are hidden until you start studying

More Like This

Economics
5 questions

Economics

CoherentOpal avatar
CoherentOpal
Basic Economics Concepts Quiz
5 questions
Economics: Scarcity and Definition
10 questions
Managing Limited Resources Quiz
8 questions

Managing Limited Resources Quiz

InspiringFeministArt6718 avatar
InspiringFeministArt6718
Use Quizgecko on...
Browser
Browser