Which of the following is an economic resource? (LO3) a) gold b) scarcity c) labor d) rent
Question:
Which of the following is an economic resource? (LO3)
a) gold
b) scarcity
c) labor
d) rent
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The answer is c labor Heres why the other options are not economic resources a Gold While gold is a valuable commodity its not directly used in the production of goods and services itself It can be used as a financial asset but not as an economic resource ...View the full answer
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