The resource market involves transactions dealing with
A) natural resources and financial services.
B) the borrowing and lending of financial capital.
C) the buying and selling of final goods and services.
D) labor services, natural resources, and physical capital.

Question

Quizplus · Accepted Answer

The resource market involves transactions related to labor services, natural resources, and physical capital, which are used in the production of goods and services. Thus, option D is the correct choice. Option A only covers natural resources and financial services, while option B refers to financial capital transactions. Option C is about final goods and services, which are traded in the product market instead of the resource market.

The Resource Market Involves Transactions Dealing with