Resource Quiz

[click here to see answers]

Each of the following is either a/n:

a. consumer good
b. consumer service
c. land
d. capital
e. labor
f. entrepreneur

medical checkup

taxi ride

factory

automobile

highway

autoworker

candy bar

John DeLorean

coal

ice cream cone

coke

haircut

iron ore

waiter

Steve Jobs/Steve Wasnik

Ted Turner

forest

crude oil

lumber

gasoline

class lecture

stockings

 

 

 

 

 

Resource Quiz -- Answers

Often an item can be both a consumer good AND a resource (capital) depending on how it is used or whoi is using it. These answers are the most likely ones.

medical checkup - SERVICE

taxi ride - SERVICE

factory- CAPITAL

automobile - GOOD

highway- CAPITAL

autoworker - LABOR

candy bar - GOOD

John DeLorean -ENTREPRENEUR

coal - LAND

ice cream cone - GOOD

coke- CAPITAL

haircut - SERVICE

iron ore - LAND

waiter - LABOR

Steve Jobs/Steve Wasnik -ENTREPRENEUR

Ted Turner -ENTREPRENEUR

forest - LAND

crude oil - LAND

lumber- CAPITAL

gasoline - GOOD

class lecture - SERVICE

stockings - GOOD