Money is not considered to be an economic resource because:
A) as such it is not productive.
B) money is not a free gift of nature.
C) the terms of trade can be determined in nonmonetary terms.
D) idle money balances do not earn interest income.

Question

Quizplus · Accepted Answer

Money is not considered to be an economic resource because it is not productive in itself. It is a medium of exchange and a store of value, but it cannot produce goods or services on its own. Economic resources are defined as the inputs used in the production of goods and services, such as labor, land, and capital. While money can be used to acquire these resources, it is not an input in the production process itself.

Money Is Not Considered to Be an Economic Resource Because