Asked by cool22
Scarcity and Choice Quick Check What are the three types of productive resources? Select all that apply.
Answers
Answered by
GPT-4o mini
The three types of productive resources are:
1. **Natural Resources** - These are raw materials obtained from the environment, such as land, water, minerals, and forests.
2. **Human Resources** - This refers to the labor force or people who provide their skills and expertise to produce goods and services.
3. **Capital Resources** - These are the tools, equipment, and buildings used in the production of goods and services.
So, you would select all three options if they are provided: Natural Resources, Human Resources, and Capital Resources.
1. **Natural Resources** - These are raw materials obtained from the environment, such as land, water, minerals, and forests.
2. **Human Resources** - This refers to the labor force or people who provide their skills and expertise to produce goods and services.
3. **Capital Resources** - These are the tools, equipment, and buildings used in the production of goods and services.
So, you would select all three options if they are provided: Natural Resources, Human Resources, and Capital Resources.
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