Which of the Following Statements Is False

question 137

Multiple Choice

Which of the following statements is false?

• A) To an economist,the resource land includes natural resources such as minerals,forests,water and unimproved land.
• B) To an economist,the resource capital consists of unproduced goods that can be turned into produced goods.
• C) To an economist,the resource labor consists of the physical and mental talents people contribute to the production process.
• D) To an economist,the resource entrepreneurship refers to a particular talent that some people have for organizing the resources of land,labor,and capital to produce goods,seek new business opportunities,and develop new ways of doing things.

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Definitions:

International Transactions

Financial operations that occur across national borders, involving the exchange of goods, services, or capital between countries.

Intermediary

An entity or person that acts as a mediator or link between parties to facilitate a transaction or agreement.