Which of the following is considered an economic resource?
A) the ice cream that kids buy at the ice cream parlor
B) the HD-TV sets in people's homes
C) the land that is designated as national parks by the government
D) shoppers buying stuff at the mall

Question

Quizplus · Accepted Answer

Land is a natural resource and is a factor of production that can be used in the production of goods and services, which makes it an economic resource. The ice cream, HD-TV sets, and shoppers buying stuff are not resources but goods and services themselves.

Which of the Following Is Considered an Economic Resource