ANSWERS: 2
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There's no theoretical difference between conductors and insulators, since any substance has the potential to lose electrons and carry a current. Certain materials possess very little resistivity (and thus make excellent conductors) while others possess resistivity in great quantities (making good insulators). However, there is no dividing line between conductors and insulators. Perhaps your class is making a distinction by defining a point and calling everything above the line a conductor and everything below a resistor. Check your notes.
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Fractional ohms are conductive areas, ohms are resistive and Megaohms are insulators but each crosses its definition under differing conditions e.g. kV.
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