The Three Basic Categories of Resources Are Land, Labor, And

question 14

Multiple Choice

The three basic categories of resources are land, labor, and:

• A) money.
• B) time.
• C) energy.
• D) capital.

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Definitions:

Mental Set

The perspective that a person takes and the assumptions he makes in approaching a problem.

Analogical Representation

A mental representation of one thing that is similar in some way to another; used in problem-solving and reasoning.

Propositions

Statements or assertions that express judgments or opinions which can be either true or false.

Symbolic

Pertaining to symbols or symbolism; using symbols to represent ideas or qualities.