#1 which of these is an example of capital resource
A) works
B)iron ore
C)entrepreneur
D)computers
#2 how does scarcity affect customers
A) limited money forces consumers to make choices
B) limited time prevent customers from making decisions
C) limited numbers of producers force customers tp be loyal
D) limited wants and needs limit customers tp small purchase
Someone here will be happy to check your answers.
I'm sure ONE DAY someone EVENTUALLY might be happy to answer these~
for #1 I got d... now could I please get the answer for #2? my guess would be a or d...
#1 To determine which of the options is an example of a capital resource, we need to understand what a capital resource is. Capital resources are items used to produce goods or services, such as tools, machines, buildings, or technology.
Let's go through the options:
A) Workers are not considered capital resources; they are considered human resources.
B) Iron ore is a natural resource, not a capital resource.
C) An entrepreneur is a person who organizes and manages a business, not a physical resource.
D) Computers are commonly used as tools and technology in many industries, making them an example of a capital resource.
Therefore, the correct answer is D) computers.
#2 Scarcity refers to the limited availability of resources relative to unlimited wants and needs. It affects customers in various ways:
A) Limited money forces consumers to make choices: Scarcity of money means that consumers have a limited amount of funds to allocate towards their wants and needs. This scarcity of money forces them to prioritize and make choices about what they can afford to buy.
B) Limited time prevents customers from making decisions: While limited time is a constraint, it does not directly impact customers' ability to make decisions. Time constraints may influence how quickly they make decisions, but it does not affect the ability to make them.
C) Limited numbers of producers force customers to be loyal: Limited numbers of producers might create a situation where customers have limited options and, as a result, develop loyalty towards specific brands or producers.
D) Limited wants and needs limit customers to small purchases: Limited wants and needs typically refer to situations where customers have few desires or very basic needs. In such cases, customers may only make small purchases since their demands are not extensive.
Therefore, the correct answer is A) limited money forces consumers to make choices.