Which of the Following Statements Is True

question 11

Multiple Choice

Which of the following statements is true?

• A)Oil is classified as part of the resource category land.
• B)A person working for a company is classified  as part of the resource category capital.
• C)A machine in a factory is classified as part of the resource category land.
• D)A person with the particular talent for organizing the resources of land, labor, and capital to produce goods, seek new business opportunities, and develop new ways of doing things is classified as part of the resource category labor.

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Definitions:

Technological Advance

The process of developing new and improved methods, tools, or systems that increase productivity, efficiency, or solve existing problems.

Modern View

A contemporary perspective or understanding often reflecting recent developments or ideas.

Traditional View

A perspective or approach that is based on long-established ways of thinking or doing something.

Patent Infringement

The violation of the exclusive rights granted to a patent holder, typically by making, using, or selling a patented invention without permission.