Understanding Productive Resources Quiz

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

• A factory building

• A teacher

• Coal

• A computer

What is the definition of natural resources?

• People who start businesses

• Tools and machines used to make goods

• Things found in nature that are used to produce goods and services

• Money used to buy things

Which of the following is an example of capital resource?

• Water

• A delivery truck

• A chef

• An inventor

Who is considered an entrepreneur?

• Someone who works in a factory

• Someone who starts a new business

• Someone who sells products in a store

• Someone who buys goods

Which of these best describes a human resource in a bakery?

• The oven used to bake bread

• The flour used in recipes

• The baker who makes the bread

• The money used to buy ingredients

If a company uses wood from a forest to make furniture, what type of productive resource is the wood?

• Human resource

• Natural resource

• Capital resource

• Entrepreneur

A person invents a new type of bicycle and starts a company to sell it. What role is this person playing?

• Human resource

• Natural resource

• Capital resource

• Entrepreneur

Why is a computer considered a capital resource in an office?

• It is made by people

• It is used to help workers do their jobs

• It grows in nature

• It is owned by the boss

Imagine you are opening a lemonade stand. List one example for each productive resource you would need (human, natural, capital, entrepreneur) and explain why each is important for your business.

• Human: friend to help sell; Natural: lemons; Capital: table; Entrepreneur: you, the owner. Each is needed to make and sell lemonade.

• Human: car; Natural: money; Capital: sun; Entrepreneur: customer. Each is needed to make and sell lemonade.

• Human: tree; Natural: computer; Capital: water; Entrepreneur: teacher. Each is needed to make and sell lemonade.

• Human: oven; Natural: flour; Capital: baker; Entrepreneur: bread. Each is needed to make and sell lemonade.

A toy company wants to make a new toy. They have workers, plastic, machines, and a person with a new idea. Match each resource to its type and explain how they work together to make the toy.

• Workers: human; Plastic: natural; Machines: capital; Idea person: entrepreneur. All are needed to create the toy.

• Workers: capital; Plastic: entrepreneur; Machines: human; Idea person: natural. All are needed to create the toy.

• Workers: natural; Plastic: human; Machines: entrepreneur; Idea person: capital. All are needed to create the toy.

• Workers: entrepreneur; Plastic: capital; Machines: natural; Idea person: human. All are needed to create the toy.