Which of the following statements about economic resources is false? A) Economic resources include financial capital and money. B) Economic resources are also called factors of production. C) Economic resources are used to produce goods and services. D) Some economic resources are human-made while others are found in nature.

Question

Business

Nora Frost

28 December, 16:34

Which of the following statements about economic resources is false? A) Economic resources include financial capital and money. B) Economic resources are also called factors of production. C) Economic resources are used to produce goods and services. D) Some economic resources are human-made while others are found in nature.

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Answers (1)

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Douglas Winters · Answer 1

A) Economic resources include financial capital and money.

Explanation:

Economics resources are the inputs used in the production of other goods and services. They are mostly the factors of production. Economic resources can be grouped into human resources, which includes labor, entrepreneurship, or management. Non-human resources refer to land, technology, finances, and minerals.

Economics resources do not refer to financial capital and money only. Finances alone cannot complete the production process of other goods and services. Financial capital and money are only a part of economic resources.