All of the Following Are Considered Natural Resources EXCEPT

question 74

Multiple Choice

All of the following are considered natural resources EXCEPT

• A) a coral reef.
• B) gold.
• C) labor.
• D) a redwood forest.

---

Definitions:

Marginal Cost

The rise in expense associated with the production of an extra unit of a product or service.

Negative Externalities

The cost that affects a party who did not choose to incur that cost, often associated with production or consumption of goods and services, such as pollution.

Underallocated

Refers to a situation where resources are not enough or not effectively distributed for the production of goods and services, leading to inefficiencies.

Cost-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieve benefits while preserving savings.