Which of the following is true of resources?
A) Resources are inputs used to produce goods and services.
B) Labor is the mental and physical capacity of workers to produce goods and services.
C) Entrepreneurship organizes resources to produce goods and services.
D) All of these are true.

Question

Quizplus · Accepted Answer

All of the options given are true statements about resources. Resources are indeed inputs used to produce goods and services (option A). Labor refers to the mental and physical capacity of workers that is used to produce goods and services (option B). Entrepreneurship involves organizing resources (including labor) to produce goods and services (option C). Therefore, option D is the correct answer.

Which of the Following Is True of Resources