What are resources? Describe two different types of resources

What will be an ideal response?


Resources are anything provided by nature or previous generations that can be used directly, or indirectly, to satisfy human wants. Capital resources include machinery, equipment, and structures used to produce other goods and services. Human resources include labor, skills, and knowledge. Products of nature can also be used as resources.

Economics

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Which of the following is the most likely explanation of Japan's very low market interest rates in the early 2000s?

A) expected deflation B) an increasing budget deficit C) an increasing trade surplus D) an increase in corporate profits

Economics

In the 1990s, foreign direct investment had become the most important source of funds for developing countries

a. True b. False Indicate whether the statement is true or false

Economics

"Currency" is a more encompassing term than "money" to denote acceptable mediums of exchange

Indicate whether the statement is true or false

Economics

This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.PriceQuantityTC$500$10.00$501$20.00$502$27.50$503$77.50$504$147.50$505$250.00According to the table shown, the firm's marginal revenue:

A. decreases as output increases. B. increases until the 3rd unit, then decreases. C. increases as output increases. D. is constant.

Economics