Which of the following statements is false?
A) Capital consists of produced goods that can be used as inputs for further production.
B) The terms resources,inputs,and factors of production are synonyms.
C) Labor consists of the physical,but not mental,talents of people who contribute to the production process.
D) Entrepreneurship is one of the four categories of resources.
E) The resource category land includes natural resources,such as minerals,forests,water,and unimproved land.

Question

Quizplus · Accepted Answer

Labor includes both the physical and mental talents of people that contribute to the production process, not just the physical.

Which of the Following Statements Is False