Households Supply Four Basic Types of Resources

question 29

Multiple Choice

Households supply four basic types of resources.They include all of the following except

• A)natural resources
• B)final goods and services
• C)capital
• D)entrepreneurial ability
• E)labor

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Definitions:

IQ Scores

Numerical assessments derived from standardized tests designed to measure a person's intelligence relative to their age group.

Test Bias

A characteristic of a test that results in systematic differences in scoring that unfairly advantage or disadvantage certain groups.

School Performance

An evaluation of a student’s academic work and achievements in an educational setting.

Test Bias

Describes a situation in which a test or assessment produces unfair results, favoring one particular group over others.