Economy and Resources Quiz

What are the three main types of resources used in producing goods and services?

• Money, time, and energy

• Natural, human, and capital resources

• Land, labor, and technology

• Raw materials, factories, and workers

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

• A computer

• A teacher

• A factory

• Coal

Raw materials are:

• Finished products ready for sale

• People who work in factories

• Basic materials used to make new products

• Money used to buy goods

Which of these is NOT typically considered a natural resource?

• Trees

• Water

• A computer programmer

• Wind

Capital resources include:

• Only money

• Only machines

• Money, machines, tools, and vehicles

• Only natural materials

In making vanilla ice cream, what would be considered a capital resource?

• Vanilla beans

• Factory workers

• Freezers

• Sugar

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

• natural resource

• capital resource

• natural resource

• none of the above

Which resource category does a skilled Doctors belong to?

• Natural resource

• Capital resource

• Human resource

• Financial resource

How many types of resources are there?

• 1

• 2

• 3

• 4

Without resources, producers would not be able to:

• Take vacations

• Make new products

• Go to school

• Watch television