In economics, a resource endowment is:
A)the things people have inherited.
B)the resources available to an economy.
C)a reward for efficient production.
D)the things people are entitled to.

Question

Quizplus · Accepted Answer

A resource endowment refers to the available resources that an economy has at its disposal, such as natural resources, labor force, and capital goods. It is not something inherited, entitled to, or a reward for efficient production.

In Economics, a Resource Endowment Is