10
QuizMultiple Choice

The Three Questions of Economics

Question 10 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Which of the following is an example of a labor resource?

Answer
m
money available to be invested in a company
w
water held in a reservoir
a
a city’s population
e
electricity produced by a nearby power plant

Explanation

Labor resources are the people available to work and contribute their skills and effort to producing goods or services. A city’s population represents potential workers, so it is a labor resource. Money is financial capital, while water and electricity are natural or produced resources.

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