Understanding Productive Resources

What is a natural resource?

• A type of human resource

• A type of capital good

• A resource that comes from nature

• A type of entrepreneurship

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

• A factory

• A worker

• A tree

• A computer

What is capital in terms of productive resources?

• Money used to buy goods

• Tools and machinery used to produce goods

• Natural resources like water and minerals

• The effort of workers

Which of the following is an example of entrepreneurship?

• Planting trees

• Building a house

• Starting a new business

• Working in a factory

What does an entrepreneur do?

• Only uses natural resources

• Combines natural, human, and capital resources to make a profit

• Works as a laborer

• Provides only capital goods

Which of the following is NOT a type of productive resource?

• Natural

• Human

• Capital

• Financial

What type of resource is a computer used in an office?

• Natural

• Human

• Capital

• Entrepreneurship

Which of the following is a natural resource?

• A teacher

• A river

• A car

• A business plan

What is the role of human resources in production?

• To provide natural resources

• To provide labor and skills

• To provide capital goods

• To provide entrepreneurship

Which of the following is an example of capital goods?

• A farmer

• A tractor

• A forest

• A business owner