Be Resourceful Test
Which of the following statements about economic resources is true
As natural and human resources become limited capital goods become limited
When a stove is used in a restaurant kitchen it is a __________
Capital Good
Automation involves replacing human resources with _________
Capital goods
Maintenance, modifications, and use of alternative sources are responses to limited
Capital goods
Using a stream to supply water for crops is an example of using
Capital goods
Which of the following economic resources helps people to be more productive
Capital goods
A salesclerk workingg part-time at a clothing store is an example of a(n)
Human resource
Offering hihger wages, employee-assistance programs, and benefits are responses to limited _________
Human resources
Which of the following economic resources is responsible for combining the other resources to produce goods and services
Human resources
Which of the following occurs when the supply of individuals who are able and willing to work diminishes
Human resources become limited
Resources that enable businesses to operate are also known as _________
Inputs
When there is not enough of a resource available for everyone to have as much of it as desired, the resource is __________
Limited
Weather conditions can most directly affect the supply of __________
Natural resources
The state of technology that exists in a society can limit
Natural resources and capital goods
Which of the following statements regarding economic resources is true
Natural resources, human resources, and capital goods are ofter referred to as factors of production
Rather than being required to start his workday at 8:00am and end at 4:00 pm, Tyler is allowed to start and end his workday at his convenience as long as he works 40 hours per week. This is an example of ___________
Flextime
Which of the following situations involves finding and alternative resource to use in place of a nonrenewable natural resource
Powering a motor vehicle with biodiesel instead of gasoline
Which of the following situations involves finding another source of a limited natural resources
Searching for oil on the ocean floors
When producers use the best combination of resources, consumers are more likely to get goods and services that
They want
Over the next few years, members of Generation X and Generation Y are expected to fill many job positions vacated by retiring Baby Boomers. This is an example of a change in ________
Workforce demographics