An economist would refer to an oil deposit as which type of resource?
A) land
B) labor
C) human capital
D) physical capital
E) entrepreneurship
Correct Answer:
Verified
Q161: In one hour,George can fix 4 flat
Q162: All production involves an opportunity cost because
A)
Q163: Society as a whole faces opportunity costs
Q164: Kate takes a part-time job and the
Q167: Opportunity costs arise in production because
A) resources
Q168: The idea of opportunity cost suggests that
Q169: In one year,a weapons plant can manufacture
Q170: In one year,a weapons plant can manufacture
Q170: Scarcity means that society must make
A)goods
B)services
C)natural resources
D)output
E)choices
Q171: Entrepreneurship is typically identified with which of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents