Which of the following statements about economic resources is true?
A)Economic resources include financial capital and money.
B)Economic resources are also called factors of production.
C)Economic resources are used only by businesses.
D)All economic resources are man-made.

Question

Quizplus · Accepted Answer

Economic resources are also called factors of production and include natural resources, labor, and capital. Financial capital and money are forms of capital, but not all economic resources are capital. Economic resources are used by all individuals, households, and organizations, not just businesses. Some economic resources, such as natural resources, are not man-made.

Which of the Following Statements About Economic Resources Is True