Which of the following statements about economic resources is false?
A)Economic resources include financial capital and money.
B)Economic resources are also called factors of production.
C)Economic resources are used to produce goods and services.
D)Some economic resources are human-made while others are found in nature.

Question

Quizplus · Accepted Answer

Economic resources do not include financial capital and money themselves, but rather they are used to acquire economic resources or to facilitate transactions involving economic resources. Economic resources refer to the factors of production used to create goods and services, which include natural resources, labor, and capital (e.g. machinery, tools, buildings).

Which of the Following Statements About Economic Resources Is False