We know that resources are important for economic growth.Which of the following statements about resources is true?

Question

Quizplus · Accepted Answer

Resources can be divided into two main categories, natural and human-made. Natural resources are those that exist in the environment, such as forests, minerals, and water. Human-made resources, also known as capital, are those that have been created through human labor, such as factories, machinery, and infrastructure.

Option A is incorrect because not all resources are human-made. Some resources, like natural minerals or water, exist in nature regardless of human intervention.

Option B is incorrect because many resources are truly scarce, meaning they are limited and in high demand, such as rare metals or fossil fuels.

Option D is incorrect because countries have different endowments of resources depending on factors like geography, climate, and history.

Option E is incorrect because some countries are better at exploiting resources for economic growth than others, depending on factors like government policies, technology, and access to markets.

We Know That Resources Are Important for Economic Growth