"Natural resources" refers to
A) bodies of water
B) trees
C) oil reserves
D) minerals
E) All of the answers are correct.
Correct Answer:
Verified
Q21: In economics, "capital" refers to
A)money
B)stocks, bonds, and
Q22: An entrepreneur is a(n)
A)individual who has much
Q27: If a business produces and sells only
Q33: When economists refer to capital, they might
Q34: Because resources are scarce,
A)opportunity costs are zero
B)people
Q36: Which of the following would an economist
Q37: In economics, capital is defined as
A)natural resources,
Q38: Resources are used only in the production
Q47: The difference between a good and a
Q56: Which of the following is a service?
A)anything
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