Economists Use the Terms Resource and Input as Synonyms

question 114

True/False

Economists use the terms resource and input as synonyms.

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Definitions:

Grand Canyon

A massive, steep-sided canyon carved by the Colorado River in the state of Arizona, USA, renowned for its stunning landscapes and geological significance.

Theodore Roosevelt

The 26th President of the United States (1901-1909), known for his progressive policies, conservation efforts, and key role in negotiating the end of the Russo-Japanese War.

Robert La Follette

An American politician and reformer, known for his role as a leader of the Progressive Movement and his efforts to fight corporate power and corruption.