Oxford AQA International AS Level · Economics (9640)

Economic resources: Practice Questions

2 multiple-choice questions marked as you go, and 4 written questions with worked solutions. All on Economic resources.

6 questions15 marksFree, no account

Question 1

1 mark

Which factor of production is specifically defined by economists as the human-made aids to production, such as machinery and factories?

Question 2

1 mark

Which of the following would be considered a non-renewable resource in the context of economic factors of production?

Question 3

3 marks

Distinguish between renewable and non-renewable resources, providing one example for each.

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Question 4

5 marks

Analyze why the environment is considered a scarce resource in the context of sustainable productive activity.

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Question 5

2 marks

Identify the four factors of production used by economists to classify economic resources.

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Question 6

3 marks

(a) Explain the difference between renewable and non-renewable resources, providing one example of each.

(b) With reference to the fundamental economic problem, explain why the environment is considered a scarce resource.

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