Economists would classify all of the following as "land," except:
A) Two thousand acres of virgin forest
B) A hydroelectric dam
C) Crude oil reserves
D) Iron ore deposits

Question

Quizplus · Accepted Answer

Land, according to economists, refers to all natural resources that are used to produce goods and services. Two thousand acres of virgin forest, crude oil reserves, and iron ore deposits are all examples of natural resources that fall under the category of land. However, a hydroelectric dam is a man-made structure and therefore does not qualify as land.

Economists Would Classify All of the Following as "Land," Except