"Natural resources" refers
A) bodies of water
B) trees
C) oil reserves
D) minerals
E) All of the answers are correct.
Correct Answer:
Verified
Q34: Because resources are scarce,
A)opportunity costs are zero
B)people
Q35: An entrepreneur
A)always makes a profit
B)starts with an
Q36: Which of the following would an economist
Q37: In economics, capital is defined as
A)natural resources,
Q38: Resources are used only in the production
Q40: Economists classify all of the following as
Q41: Choices made by economic decision makers
A)are government
Q42: The expression "There's no such thing as
Q43: The assumption of rational self-interest does not
Q44: A product that is physical and tangible
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