Question

1.Which term best catagorizes the following items computer forklift and warehouse

A) capital resources
B)Human Resources
C) industrial resources
D) natural resources

2. Which statement best explains the relationship between economic wants and needs?

A) people do not need to fulfill either their needs or their wants to survive
B) people must fulfill their wants to survive but they do not need to fulfill their needs to survive
C) people must fulfill their needs to survive but they do not need to fulfill their wants
D) people must fulfill both their needs and wants to survive

Answer 1

1. A. Capital resources

2. C. People must fulfill their needs to survive but they do not need to fulfill their wants