which of the following best describe what we mean byresources in economics a the natural resourc

Name: which of the following best describe what we mean byresources in economics a the natural resources like water and trees b the factors of production used to produce goods and services c the h 30878
Uploaded: 2022-05-16T21:45:57-08:00
Duration: 1 min 13 s
Channel: Crystal Wang
Description: which of the following best describe what we mean byresources in economics a the natural resources like water and trees b the factors of production used to produce goods and services c the h 30878

Question

Which of the following best describes what we mean by resources in economics? A. The natural resources, like water and trees. B. The factors of production used to produce goods and services. C. The human resources, like workers. D. The capital resources, like tools and buildings.

          Which of the following best describes what we mean by resources in economics?
A.
The natural resources, like water and trees.
B.
The factors of production used to produce goods and services.
C.
The human resources, like workers.
D.
The capital resources, like tools and buildings.

Added by Robin R.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Crystal Wang

05/16/2022

Step 1

Step 1: The definition of economic resources refers to the factors of production used to produce goods and services. Show more…

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Which of the following best describes what we mean by resources in economics? A. The natural resources, like water and trees. B. The factors of production used to produce goods and services. C. The human resources, like workers. D. The capital resources, like tools and buildings.