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Types of Economic Resources

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Questions and Answers

What are human resources also referred to as?

Capital resources

Natural resources

Financial resources

Labor (correct)

Which of the following is an example of a natural resource?

Water (correct)

Truck

Factory

Website designer

What is capital in the context of economic resources?

Money invested into a business (correct)

Suppliers, manufacturers, and buyers

Harvested resources from the 'natural' world

People who work to create goods and services

Which term refers to the idea that industries and businesses can rely on each other to help generate revenue?

Interdependence Signup and view all the answers

What happens when there is a shortage of economic resources for a business?

Difficulty in production and distribution Signup and view all the answers

Which type of economic resource is said to be running out?

Oil reserves Signup and view all the answers

What do economic systems deal with in society?

Selection, production, distribution, and consumption of goods and services Signup and view all the answers

Types of Economic Resources

Choose a study mode

Podcast

Questions and Answers

What are human resources also referred to as?

Which of the following is an example of a natural resource?

What is capital in the context of economic resources?

Which term refers to the idea that industries and businesses can rely on each other to help generate revenue?

What happens when there is a shortage of economic resources for a business?

Which type of economic resource is said to be running out?

What do economic systems deal with in society?

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