Question 1

Which of the following best defines a resource?

Accepted Answer

Anything that can be used to satisfy a need is a resource. Utility or usability is what makes an object or substance a resource.

Question 2

What makes an object or substance a resource?

Accepted Answer

Utility makes an object or substance a resource. When an item has utility or usability, it becomes a resource.

Question 3

Which of the following resources has economic value?

Accepted Answer

Metals have economic value because they can be bought and sold for money, unlike a pleasant landscape which has aesthetic value.

Question 4

Time and technology are two important factors that can change substances into what?

Accepted Answer

Time and technology are two important factors that can change substances into resources. As needs change with time and technology advances, new resources are discovered.

Question 5

Resources are generally classified into which of the following main types?

Accepted Answer

Resources are generally classified into natural, human made, and human. These broad categories help in understanding and managing resources efficiently.