Resources are divided into the following broad categories:
A)people, money, and machines
B)saving, spending, investment, and capital
C)human, technological, and government
D)natural resources, labor, capital, and entrepreneurial ability
E)free, scarce, abundant, and unlimited

Question

Quizplus · Accepted Answer

Resources can be classified into four broad categories: natural resources (e.g. land, water, minerals), labor (e.g. workers), capital (e.g. machinery, buildings, tools), and entrepreneurial ability (e.g. innovation, risk-taking, management skills). Option D includes all of these categories. Option A only includes three specific types of resources, while Option B and Option C are incomplete and/or not comprehensive. Option E does not accurately categorize resources.

Resources Are Divided into the Following Broad Categories