8
practice testMultiple Choice

Practice Test

Question 8 • Personal Finance and Economics

Land is considered a resource because it

Answer
A
requires labor to be useful.
B
is used to produce things.
C
is always available to use.
D
costs little or nothing to use.

Explanation

A resource is something used to produce goods or services. Land provides natural resources and space that can be used in production, so the correct choice is “is used to produce things.” Land is not always available for every use, and it can have a cost; needing labor does not define it as a resource.

AI-written and checked against the verified answer.

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