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Questions and Answers
Which of the following is a requirement for something to become a resource?
Which of the following is a requirement for something to become a resource?
- It must have economic value
- It must have utility (correct)
- It must be used by you
- It must be patented
What does the term 'value' mean in the context of resources?
What does the term 'value' mean in the context of resources?
- Worth (correct)
- Importance
- Usefulness
- Scarcity
Which of the following is an example of a resource with economic value?
Which of the following is an example of a resource with economic value?
- A beautiful landscape
- Metals (correct)
- A rickshaw
- Grandmother's home remedies
What does it mean for something to be patented?
What does it mean for something to be patented?
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Which of the following resources could potentially become economically valuable in the future?
Which of the following resources could potentially become economically valuable in the future?
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