Which of the Following Would Not Be Classified as an Economic

question 336

Multiple Choice

Which of the following would not be classified as an economic resource by economists?

• A)a professional soccer player
• B)water in a town's reservoir
• C)money in a business checking account
• D)the manager of the local hamburger restaurant

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Definitions:

Unused Capacity

The portion of a business's potential production that is not being used; it represents the difference between what a company can produce and what it is currently producing.

Income Statement

A financial report that outlines a company's revenues and expenses over a specific period, showing the net profit or loss.

Job-Order Costing

An accounting method that assigns manufacturing costs to an individual product or batch of products, making it possible to track the specific costs associated with producing each.

Automated Router

A device or software that uses pre-set guidelines to direct data traffic automatically in a network.