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Resources and Scarcity

Question 2 • * HSA 26-27 Economics

The water that she is using to create her beverage line is an example of.

Answer
A
labor
B
capital
C
land

Explanation

Water is a natural resource used in production, so it is classified as land in economics. Labor means human work, and capital means tools or equipment used to make goods. Therefore, the water is an example of land.

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