Which of the Following Is a Resource as the Term

question 103

Multiple Choice

Which of the following is a resource as the term is used by economists?

• A) buildings
• B) labor
• C) land
• D) all of the above

Understand the physical and psychological changes that occur during andropause and menopause.

Identify and explain key cognitive trends across the lifespan, including peak intellectual abilities and changes in late adulthood.

Describe the progression of moral development and the differences in approaches between genders as per Carol Gilligan and Lawrence Kohlberg.

Understand Erik Erikson’s stages of psychosocial development, especially during middle to late adulthood.

---

Definitions:

Overhead Volume Variance

A measure used to evaluate the difference between expected and actual overhead costs, based on the volume of goods produced.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost that was expected or budgeted.

Materials Quantity Variance

The difference between the actual amount of materials used in production and the standard amount expected, measured in terms of cost.

Labor Price Variance

The difference between the actual cost of direct labor and the standard or expected cost.