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CLEP Principles of Macroeconomics Exam Prep

Category - Macroeconomics

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From an economist’s standpoint, which of the following would be a resource?

Labor
Entrepreneurship
Land
All of the above

Explanation

Answer - D - All of the above are considered resources from an economist’s standpoint.

Key Takeaway: Economics defines resources as entrepreneurship, labor, capital (goods that are used to produce other goods-not liquid money), and land.

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