Which of the following is NOT a resource as the term is used by economists?
A) land
B) labor
C) buildings
D) money
Correct Answer:
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Q3: Refer to the information provided in
Q4: Refer to the information provided in
Q5: Refer to the information provided in
Q7: Which of the following would an economist
Q8: Outputs in the production process are
A) pollution.
B)
Q9: According to the theory of comparative advantage,
Q13: Capital, as economists use the term,
A) is
Q16: The concept of opportunity cost is based
Q19: According to the theory of comparative advantage,
Q20: Refer to the information provided in
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