a.
the natural gas used to heat your home
b.
your economics professor
c.
the factory where your car was assembled
d.
your new winter tires
ANSWER:
d
141. In order for a student to acquire an education, many resources are required. Which of the following might be categorized as capital resources?
a.
the work effort of registrars and food services
b.
interactive whiteboards, computers, and the expertise of professors
c.
water, trees, and the acreage a campus rests on
d.
the water, natural gas, and electricity needed to operate the school
ANSWER:
b
142. Why is money NOT considered to be an economic resource?
a.
Money is produced by the Bank of Canada.
b.
Money loses its value too easily due to inflation.
c.
Money is an intangible good.
d.
Money is not directly used to produce goods and services.
ANSWER:
d
143. Which of the following is an example of physical capital?
a.
a field of corn
b.
an irrigation system
c.
a farmer
d.
a new crop rotation plan
ANSWER:
b
144. Which of the following statements about human capital is the most accurate?
a.
It is the same as labour.
b.
It is a term describing the tools and equipment owned by households.
c.
It is a worker's physical effort when working with machines.
d.
It is the expertise or knowledge possessed by workers.
ANSWER:
d
145. Which of the following is an example of human capital?
a.
artificial intelligence
b.
the profit from a new business start-up
c.
a Mac computer
d.
a computer programmer’s knowledge
ANSWER:
d
146. Which of the following is an example of a capital resource?
a.
an office computer
b.
a bond issued by a company selling electric generators
c.
the funds in a chequing account at a bank
d.
stock in a computer software company
ANSWER:
a
147. Which of the following is an example of a capital resource?
a.
Treasury bill
b.
an unskilled worker
c.
a large oil deposit
d.
a tractor
ANSWER:
d
148. Which of the following is NOT an example of a capital resource?
a.
a 3-D printer
b.
a backhoe
c.
a ton of aluminum
d.
an assembly line at a car plant
ANSWER:
c
149. Which of the following is an example of a capital resource?
a.
an oil rig
b.
unskilled labour
c.
an oil deposit
d.
stock in an oil company
ANSWER:
a
150. Which of the following is NOT a function of an entrepreneur?
a.
to bear the business risks
b.
to make the good
c.
to organize the other factors of production
d.
to innovate
ANSWER:
b
151. Which of the following statements about entrepreneurship is the most accurate?
a.
It is another word for physical capital that is used to produce goods and services.
b.
It is human capital.
c.
It is another word for the financial capital that can be used to start a business.
d.
It is the resource that organizes the other factors of production in order to produce goods and/or services.
ANSWER:
d