Resourceful Minds

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Questions and Answers

What makes an object or substance a resource?

  • Its rarity
  • Its utility or usability (correct)
  • Its beauty
  • Its color

What is required for something to become a resource?

  • It must be rare
  • It must be human-made
  • It must be natural
  • It must have value (correct)

Which type of resources are drawn from nature and used without much modification?

  • Human-made resources
  • Potential resources
  • Human resources
  • Natural resources (correct)

What can change substances into resources?

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

Which type of resources are those whose quantity is known and being used at present?

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

What is the most important resource according to the text?

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

How are resources classified?

<p>Into natural, human-made, and human (B)</p> Signup and view all the answers

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Study Notes

  • Resources are things that can be used to satisfy a need.
  • Utility or usability makes an object or substance a resource.
  • Things become resources only when they have value.
  • Some resources have economic value, while others do not.
  • Time and technology can change substances into resources.
  • People themselves are the most important resource.
  • Resources are classified into natural, human made, and human.
  • Natural resources are drawn from nature and used without much modification.
  • Actual resources are those whose quantity is known and being used at present.
  • Potential resources are those whose entire quantity may not be known and are not being used at present.

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