Question

What is true about economic resources? A) Economic resources include only money. B) Economic resources are limited. C) Economic resources exist only at the individual level. D) Economic resources are always controlled by the government.

Answer 1

Answer:

B) Economic resources are limited is the correct answer.

Explanation:

An economic resource is the factors that are used to produce goods or it uses to provide services.

economic resources are divided into

• human resources

• Non-human resources

Economic resources are limited because the amounts of productive resources accessible to economics are limited.

The market has a limited amount of workers, suppliers, areas, and entrepreneurship that it can utilize for production.

Thus this the reason Economic resources are limited.

Answer 2

The one that is true about economic resources is : B. Economic resources are limited

Basically, the main characteristic of economic resources is we need sacrifices in order to get. To make a resource worthy of sacrifice, it has to be : Limited and provide value to us

hope this helps