EC#14 Be Resourceful
Offering higher wages, employee-assistance programs, and benefits are responses to limited
human resources
A stove used in a restaurant kitchen is a
capital resource
Resources that enable businesses to operate are also known as
inputs
Which economic resource helps people to be more productive
capital goods
Automation involves replacing human resources with
capital goods
Maintenance, modifications and use of alternative sources are responses to limited
capital goods
The state of technology that exists in a society can limit
capital goods
Natural resources, human resources, and capital goods are often referred to as
factors of production
A salesclerk working at a clothing store is an example of
human resources
Which of the following economic resources is responsible for combining the other resources to produce goods and services
human resources
When there is not enough of a resource available for everyone to have as much of it as desired, the resource is a(n) ____ resource
limited
Using a stream to supply water to a field to grow crops is an example of using
natural resources
Weather conditions can directly affect the supply of
natural resources