Asked by Zachary George on Jun 03, 2024
Verified
Economists would not consider which one of the following to be a productive economic resource?
A) land
B) capital goods
C) money
D) entrepreneurship
Productive Economic Resource
Assets or inputs used in the production of goods and services, including land, labor, capital, and entrepreneurship.
Entrepreneurship
The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
- Understand the distinction between economic resources and the role of money as it relates to interest.
Verified Answer
GB
Ghazi BaderJun 05, 2024
Final Answer :
C
Explanation :
Money is not considered a productive economic resource because it does not directly contribute to the production of goods and services. It is primarily a medium of exchange. Productive resources include land, labor, capital goods, and entrepreneurship, which directly contribute to production.
Learning Objectives
- Understand the distinction between economic resources and the role of money as it relates to interest.