What is considered a land resource in economics?
A) Natural gas
B) Labor
C) Capital
D) Human skills
Which of the following is a type of labor resource?
A) Trees
B) Machinery
C) Engineers
D) Water
What type of economic resource does money fall under?
A) Land
B) Capital
C) Labor
D) Entrepreneurship
Which of the following is an example of a natural resource?
A) Software
B) Oil
C) Electricity
D) Human knowledge
Which category does human creativity and innovation fall under in economic resources?
A) Land
B) Capital
C) Labor
D) Entrepreneurship
Capital resources in economics include:
A) Forests
B) Skilled workers
C) Machinery and tools
D) Time
Which of the following is a renewable resource?
A) Coal
B) Gold
C) Solar energy
D) Diamonds
Which type of resource does human labor represent?
A) Capital
B) Land
C) Entrepreneurship
D) Labor
The economic resource “capital” refers to:
A) Natural raw materials
B) Manufactured tools and machinery
C) The ability to manage business risks
D) Human labor used in production
Which of these is an example of a nonrenewable resource?
A) Wind
B) Fish
C) Timber
D) Petroleum
What does “entrepreneurship” in economics refer to?
A) The physical land used for production
B) The initiative and risk-taking ability of individuals in starting businesses
C) Machinery used in factories
D) Raw materials like minerals and metals
Labor as an economic resource is represented by:
A) Investment capital
B) Human effort used in production
C) Natural resources like trees
D) Manufactured tools
Which of the following is NOT a factor of production?
A) Land
B) Capital
C) Inflation
D) Labor
Which resource is represented by “human capital”?
A) Raw materials
B) People with skills, education, and training
C) Machinery used in production
D) Entrepreneurial risk-taking
What is an example of a fixed capital resource?
A) Land
B) Office building
C) Trees
D) Consumer goods
What type of economic resource does “water” fall under?
A) Capital
B) Land
C) Entrepreneurship
D) Labor
The human skill to manage a company is an example of:
A) Labor
B) Entrepreneurship
C) Capital
D) Land
Which of the following best describes a renewable resource?
A) It can be replenished naturally at a rate equal to or faster than it is used.
B) It cannot be replaced once depleted.
C) It is used for non-essential products.
D) It is created by human labor.
Which of the following is an example of human capital?
A) A building
B) A worker’s education and training
C) A factory machine
D) Raw minerals
Which economic resource is represented by land?
A) The physical space for housing
B) Machinery used in production
C) Human labor
D) Raw materials and natural resources
Capital resources can be described as:
A) Physical goods used in the production of other goods and services
B) Human skills and effort
C) The natural environment
D) The ability to manage production risks
What does the term “land” refer to in economics?
A) Only the land used for farming
B) Only the minerals found on land
C) The natural resources and physical space used for production
D) The buildings on land
Which of the following is considered a capital resource?
A) Raw materials like iron ore
B) Workers with specialized skills
C) Computer software used in production
D) Land for farming
The resource “labor” refers to:
A) The physical land used in production
B) Human effort used in the creation of goods and services
C) Machinery and tools
D) The entrepreneurship of business owners
What is an example of an “entrepreneurial” resource?
A) A person starting a new tech company
B) Machinery used in a factory
C) A piece of land for agriculture
D) The workers in a company
Which of these is considered a nonrenewable resource?
A) Solar power
B) Timber
C) Coal
D) Wind energy
Land resources include:
A) Tools and machinery
B) People’s labor
C) Natural resources like water and forests
D) Human skills and innovation
Which of the following describes a resource classified as “capital”?
A) Raw natural resources like gold
B) Money invested to create further wealth
C) People working in an office
D) Land used for farming
What role does “human capital” play in economic production?
A) It refers to the physical land used in production
B) It involves the education and skills of the workforce
C) It includes the tools and machinery used in production
D) It represents the raw materials used in production
