EC#14 Be Resourceful

Ace your homework & exams now with Quizwiz!

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


Related study sets

Intro to Business Chapters 10-11 Quiz

View Set

Endocrinology, Vitamins and Nutrition

View Set