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Intro to Productive Resources Flashcards | StudBud

Explore/Intro to Productive Resources

Intro to Productive Resources

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Questions 10

Answers

1
Define natural resources
Resources that have an unlimited supply.
Plants and animals.
Tools and equipment used to make goods and services.
Materials found in nature that are use to make goods and services.
2
What are the 4 types of productive resources?
Goods, services, producers, consumers.
Nature, people, capitol, business.
The people and materials needed to make goods and services.
Natural, human, capital, entrepreneurship.
3
Which one is a service
Massage
Food
Toys
Car
4
A baker is an example of human labor.
False
True
5
Which is an example of a natural resource?
Cow
Paper
Computer
Plastic
6
Define productive resources.
Items you need to be productive.
The use of productive resources to make money.
The people and materials used to make goods and services.
Natural, labor, human, and entrepreneurship.
7
Entrepreneurs use productive resources to make money.
False
True
8
Define human resources.
Materials found in nature and used to make/provide goods and services.
People use productive resources to make their goods/services for money.
The tools/equipment used to make/provide good and services.
The people used to make/provide goods and services.
9
Money from government taxes go toward goods/services like...
schools, libraries, roads, police/fire department, and military.
toys, clothes, amusement parks, and restaurants.
nothing, the government keep it.
daycares, bookstores, houses, and security gaurds.
10
Which one is a good?
Toys
Car wash
Massage
Hair cut