16
QuizMultiple Select

Unit 1 Test

Question 16 • * HSA 26-27 Economics

What are the basic types of resources used by producers? Choose three answers.capitallaborvaluescarcityland

Answer
c
capital
l
labor
v
value
s
scarcity
l
land

Explanation

Producers use resources called factors of production to make goods and services. The basic types are capital, labor, and land. Value and scarcity are economic concepts, not resource types used by producers.

AI-written and checked against the verified answer.

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