Which of the Following Statements About Economic Resources Is False

question 18

Multiple Choice

Which of the following statements about economic resources is false?

• A)Economic resources include financial capital and money.
• B)Economic resources are also called factors of production.
• C)Economic resources are used to produce goods and services.
• D)Some economic resources are human-made while others are found in nature.

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Definitions:

Correlations

Correlations refer to statistical measures that describe the extent to which two variables change together, indicating the strength and direction of their relationship.

Types of Relationships

Various forms of connections or associations between individuals, such as familial, romantic, platonic, or professional.

Test Administration Error

Mistakes or inconsistencies that occur during the administration of a test, potentially affecting the validity and reliability of the test results.

Test Taker Variables

Factors related to the individual taking a test that can influence their performance, such as anxiety, motivation, and prior knowledge.