Which of the following is true of resources?
A) Resources are outputs from the production of goods and services.
B) A $1,000 investment is an example of a capital resource.
C) Entrepreneurship organizes resources to produce goods and services.
D) Land resources do not include water.
Correct Answer:
Verified
Q1: Which of the following is an example
Q3: The services of farmers are an example
Q4: Scarcity is a problem:
A) measured by the
Q5: Relate the term scarcity to the action(s)
Q6: Wealthy families wanting finer homes and nicer
Q7: When economists say scarcity, they mean:
A) there
Q8: People are forced to make choices because
Q9: Scarcity:
A) exists because resources are unlimited while
Q10: Natural resources are:
A) not considered scarce because
Q11: An entrepreneur is a(n):
A) individual who has
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