What are the three types of productive resources? Select all that apply.

Question

(2 points)
Responses

the raw materials provided by the planet
the raw materials provided by the planet

the planning and work that go into production
the planning and work that go into production

the markets that sell the results of production
the markets that sell the results of production

the social systems that ensure production is protected
the social systems that ensure production is protected

the tools and buildings produced by humans to aid production
the tools and buildings produced by humans to aid production

the consumer knowledge that allows selection of the best products
the consumer knowledge that allows selection of the best products

Answer 1

The three types of productive resources are:

1. The raw materials provided by the planet
2. The planning and work that go into production
3. The tools and buildings produced by humans to aid production

So the correct responses are:

• the raw materials provided by the planet
• the planning and work that go into production
• the tools and buildings produced by humans to aid production

Answer 2

Which of the following is an economic need, rather than a want?
(1 point)
Responses

sugar
sugar

sunglasses
sunglasses

healthcare
healthcare

vacation

Answer 3

The option that represents an economic need rather than a want is:

• healthcare

Healthcare is essential for maintaining health and well-being, whereas the other options (sugar, sunglasses, vacation) are considered wants.