MH Economics Part 1

These resources provide the power to do work.

• human resources

• capita resources

• energy resources

Which of the following is a human resource?

• farmer

• rock

• tractor

• hammer

Which is NOT a resource used to supply energy?

• renewable resources

• rocks

• nonrenewable resources

Which is an example of a need?

• iPhone

• Medication

• Backpack

• Sunglasses

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

• Nurse or doctor

• Cloth to make clothing

• Waterfalls to visit

• Milk from cows

A want is: Something that makes life more happy and _________ but not _________ to survive.

• necessary, comfortable

• essential, necessary

• comfortable, necessary

A sewing machine would be an example of a .....

• human resource

• capital resource

• natural resource

• energy resource

A teacher is an example of a.....

• Natural Resource

• Human Resource

• Capital Resource

• Natural Resource

Joe was shopping for a truck. He has looked at similarly priced Ford, Chevrolet, and Ram models. After a lot of thought, he narrowed it down to either the Ford or the Chevrolet. He selected the Ford because he liked the interior a little better. What was his opportunity cost?

• Ford
• Chevrolet
• Ram

When we dig and find gold underground, we are finding what type of resouce?

• Human resource

• Capital resource

• Natural resource

• Weather resource