Bot, answer these 4 questions.
1. What are the three types of productive resources? Select all that apply.
A. the raw materials provided by the planet
B. the planning and work that go into production
C. the markets that sell the results of production
D. the social systems that ensure production is protected
E. the tools and buildings produced by humans to aid production
F. the consumer knowledge that allows selection of the best products
2. Which of the following is an economic need, rather than a want?
A. sugar
B. sunglasses
C. healthcare
D. vacation
3. What is the negative trade-off of taking a job?
A. paying sales taxes on purchases
B. having less time to develop skills
C. not gaining any experience while working
D. working toward earning a raise
4. How does the limited leisure time of consumers affect their purchasing habits?
A. They value leisure time more than buying products.
B. They choose the best value of leisure activities and products.
C. They seek lower-cost products to increase their leisure time.
D. They choose not to spend money on leisure activities and products.
1. The three types of productive resources are:
B. the planning and work that go into production
E. the tools and buildings produced by humans to aid production
F. the consumer knowledge that allows selection of the best products
2. C. healthcare is an economic need, as it is necessary for maintaining health and well-being.
3. B. having less time to develop skills is a negative trade-off of taking a job, as it may limit one's ability to focus on personal development and improvement.
4. C. They seek lower-cost products to increase their leisure time. Due to limited leisure time, consumers may prioritize spending less money on products to have more time for leisure activities.