In this Chapter we began our examination of resource markets. Resources are the inputs to production - the things used to produce final consumer goods. Use the internet to explore a specific resource. Go to the homepage for the
World Nuclear Association. Explore the homepage and answer the following questions:
Questions- What is uranium used for?
- Would you call uranium a resource? Which general type of resource would it be classified as -- land, labor, or capital?
- What is the forecast for uranium demand? Supply?
- Where does the demand for uranium come from? If you were the manager of a power generating company using uranium, how much would you purchase?
