Question

en Ocaiceresouices and PTodcUT, LEXt Chapt is: (circle one af 3. a. b. c. d. In economics, the money that businesses must raise to begin, maintain, or expand production capital- a resource financial capital - a resource financial capital-not a resource an intermediate good-not a resource 4. a. b. c. d. Which of the following statements about resources is true? Resources are fundamental inputs used to produce goods and services. Labor is the mental and physical capacity of workers to produce goods and services. Entrepreneurship includes the skill of organizing resources to produce goods and services. All of the above are true.

Answer 1

3)

Right answer: (A)

Money is one of the most important resources of production function. Money is called capital resource of business.

4)

Right answer: (D)

All of these statements are correct. Land, labor, capital and entrepreneur are factors of production.