What are the three types of productive resources? Select all that apply.
(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 raw materials provided by the planet
- the planning and work that go into production
- the tools and buildings produced by humans to aid production
Which of the following is an economic need, rather than a want?
(1 point)
Responses
sugar
sugar
sunglasses
sunglasses
healthcare
healthcare
vacation
healthcare
What is the negative trade-off of taking a job?
(1 point)
Responses
paying sales taxes on purchases
paying sales taxes on purchases
having less time to develop skills
having less time to develop skills
not gaining any experience while working
not gaining any experience while working
working toward earning a raise
having less time to develop skills
How does the limited leisure time of consumers affect their purchasing habits?
(1 point)
Responses
They value leisure time more than buying products.
They value leisure time more than buying products.
They choose the best value of leisure activities and products.
They choose the best value of leisure activities and products.
They seek lower-cost products to increase their leisure time.
They seek lower-cost products to increase their leisure time.
They choose not to spend money on leisure activities and products.