Multiple Choice
Which of the following statements is false?
A) To an economist,the resource land includes natural resources such as minerals,forests,water and unimproved land.
B) To an economist,the resource capital consists of unproduced goods that can be turned into produced goods.
C) To an economist,the resource labor consists of the physical and mental talents people contribute to the production process.
D) To an economist,the resource entrepreneurship refers to a particular talent that some people have for organizing the resources of land,labor,and capital to produce goods,seek new business opportunities,and develop new ways of doing things.
Correct Answer:

Verified
Correct Answer:
Verified
Q132: List and describe the four broad categories
Q133: Price is the only rationing device that
Q134: To an economist,the terms factor and output
Q135: Something that motivates or encourages people to
Q136: All sellers may be tempted to raise
Q138: The higher the opportunity cost of doing
Q139: The condition in an economy that makes
Q140: Several years ago,a bookstore chain extended its
Q141: Every time you make a _,you incur
Q142: The branch of economics that studies the