Question

Countries need the right resources o create products. Which of the following factors is NOT a resource that a country might need in order to produce something to trade?
A. having the right amount of land

B. having enough funds to invest

C. having a low standard of living

D. having enough skilled workers

Answer: I finished the test but it won’t let me see the answer so I can’t help you sorry :( I hope you get it right.

Answer 1

Answer:

C. having a low standard of living

Explanation:

In order to produce,  a country need these following factors of production:

- Natural Resources.  

This includes all the things that are needed as materials and energy to continue the operation.

- Investment

This includes capital injection to buy all the thigns needed for the production

- Labor/workers

This includes both skilled/non-skilled workers that are needed during the production

-  Land

This includes the empty spaces that a company can use to put its factories and machines

- Entrepreneurial skills

This includes all the skills/knowledge that can be used for the production.

All of the things above can be obtained without having a low standard of living. Having low standard of living actually might prevent a country from obtaining these factors of production.

Answer 2

Answer:

C

Explanation: