Be Resourceful Quiz

1. The inputs that allow businesses to operate are called economic

• 1. models

• 1. incentives.

• 1. services.

• 1. resources.

1. Natural and human resources are two categories of economic resources. The third category is

• 1. money.

• 1. salespeople.

• 1. capital goods.

• 1. water.

1. Industrial equipment is an example of a

• 1. natural resource.

• 1. capital good.

• 1. human resource.

• 1. consignment good.

1. Cotton is an example of a __________ resource.

• 1. natural

• 1. labor

• 1. land

• 1. capital

1. The type of economic resource that includes all of the personal effort required to produce and distribute goods and services is

• 1. natural resources.

• 1. human resources.

• 1. equipment.

• 1. capital goods.

1. Another term for economic resources is

• 1. nonmonetary benefit.

• 1. factors of production.

• 1. consumer goods and services.

• 1. financial capital.

1. Demographic change, lack of training, and lack of interest are reasons that __________ become limited.

• 1. natural resources

• 1. economic resources

• 1. human resources

• 1. capital goods

1. What can producers do to overcome a problem with limited human resources?

• 1. Reduce benefits

• 1. Increase use of natural resources

• 1. Offer training and retraining

• 1. Decrease automation

1. A transportation service makes sure that its trucks are well maintained and driven with care. This is an example of a way to

• 1. renew natural resources.

• 1. increase the number of capital goods.

• 1. conserve the firm’s capital goods.

• 1. retrain human resources.

1. Finding alternative sources of power for consumer use, such as replacing gas and oil with solar energy, is an example of responding to limited __________ resources.

• 1. capital

• 1. technology

• 1. human

• 1. natural