Exploring Resources
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Questions and Answers

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?

  • Worth (correct)
  • Importance
  • Usefulness
  • Scarcity

    • 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?

    <p>It has exclusive rights over any idea or invention</p> Signup and view all the answers

    Which of the following resources could potentially become economically valuable in the future?

    <p>Your grandmother's home remedies</p> Signup and view all the answers

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