Which of the following broad categories are resources divided into?
A) People,money,and machines
B) Savings,spending,investment,and capital
C) Human,technological,and government
D) Natural resources,labor,capital,and entrepreneurial ability
E) Free,scarce,abundant,and unlimited
Correct Answer:
Verified
Q17: Scarcity:
A)applies to a brain surgeon but not
Q18: A resource is something that:
A)is used to
Q19: Which of the following is the fundamental
Q25: Goods and services are scarce because:
A)people are
Q26: In economics,capital refers to:
A)money.
B)stocks,bonds,and other financial assets.
C)the
Q29: Natural resources are
A)not considered scarce because no
Q37: In economics, capital is defined as
A)natural resources,
Q45: A good or service is considered scarce
Q46: Goods and services are exchanged in
A)product markets
B)resource
Q54: The expression "There's no such thing as
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