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