Quiz: economic resources

1. What are economic resources?

2. Which of the following is a natural resource?

3. Which resource refers to the physical and mental effort exerted by humans in the production process?

4. Which resource includes tools, machinery, and buildings used in the production of goods and services?

5. Which resource refers to the natural resources used in production, such as land and raw materials?

6. Which resource refers to the ability to combine the other resources and take risks in order to create and run a business?

7. Which resource represents the desire and ability of consumers to purchase goods and services?

8. Which resource is the payment workers receive in exchange for their labor?

9. Which resource refers to the financial assets, investments, and properties owned by individuals and businesses?

10. Which resource represents the income earned by businesses after deducting expenses?