Asked by Yessenia Castro on May 08, 2024
Verified
Money is not an economic resource because:
A) money,as such,does not produce anything.
B) idle money balances do not earn interest income.
C) it is not scarce.
D) money is not a free gift of nature.
Economic Resource
An asset used to produce goods and services that can provide economic benefit.
Money Balances
Refers to the amount of money held by an individual or entity in the form of cash or bank deposits.
- Understand the difference between economic resources and non-resources, especially the role of money in the economy.
Verified Answer
CC
Chris ChavezzMay 13, 2024
Final Answer :
A
Explanation :
Money in itself does not produce anything. It is only a medium of exchange used to facilitate transactions between people. It is not a factor of production like labor, capital, and natural resources.
Learning Objectives
- Understand the difference between economic resources and non-resources, especially the role of money in the economy.
Related questions
Which of the Following Is Correct ...
Economists Would Not Consider Which One of the Following to ...
Economists Call the Psychological Strain Associated with Work ___
People Who Work as Accountants,stockbrokers,investment Advisors,or Bankers Are All Part ...
Which of These Signifies the Role of Money in Any ...