Which of the Following Statements Is False

question 167

Multiple Choice

Which of the following statements is false?

• A) Capital consists of produced goods that can be used as inputs for further production.
• B) The terms resources,inputs,and factors of production are synonyms.
• C) Labor consists of the physical,but not mental,talents of people who contribute to the production process.
• D) Entrepreneurship is one of the four categories of resources.
• E) The resource category land includes natural resources,such as minerals,forests,water,and unimproved land.

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Definitions:

Divine Right

A political and religious doctrine that asserts a monarch's legitimacy and right to rule comes directly from God, not from human consensus or consent.

Loss of Self-Awareness

A state where an individual's consciousness of their own identity and personal characteristics diminishes.

Group

A number of individuals assembled together or having some unifying relationship.

Fiscally Conservative

An economic philosophy of prioritizing minimal government spending, low taxes, and reduced government debt.